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BofA's new $5 debit card fee

Discussion in 'Money & Finance Forum' started by VA49er, Sep 30, 2011.

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  1. Oct 21, 2011 at 11:42 PM #31
    Pi.

    Pi. New and improved Pi.

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    You do realize that this entire thread is an exhibition or your ignorance right? Of course you don't. That's what makes you 'special'.
     
  2. Oct 31, 2011 at 1:25 PM #32
    barry49s

    barry49s Ain’t good for nothing

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    VA pointed that out in post #24. Do you ever stop being you?
     
  3. Nov 1, 2011 at 12:32 PM #33
    VA49er

    VA49er Full Access Member

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  4. Nov 1, 2011 at 5:18 PM #34
    PantherPaul

    PantherPaul Nap Enthusiasts

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    My bad, thanks
     
  5. Nov 2, 2011 at 9:37 AM #35
    Southern_Yankee

    Southern_Yankee Full Access Member

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    what?
     
  6. Nov 2, 2011 at 10:06 AM #36
    VA49er

    VA49er Full Access Member

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    lulz
     
  7. Nov 2, 2011 at 4:03 PM #37
    BUCKO

    BUCKO Full Access Member

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  8. Nov 2, 2011 at 4:25 PM #38
    VA49er

    VA49er Full Access Member

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    Well, yeah, a bank analyst will see it that way since there will now be no increased income and thus the stock won't jump, etc.

    It's clearly capitalism at work as competitive forces pretty much forced BofA to cancel the fee. I mean if no other banks did the fee BofA would be at a clear market disadvantage. BofA could care less what some lobbied congressman said, it was the threat of losing customers to banks without the fee that caused the bank to cancel the fee.
     
  9. Nov 2, 2011 at 5:20 PM #39
    Golden Hammer

    Golden Hammer South Pole Elf

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  10. Nov 2, 2011 at 6:05 PM #40
    BUCKO

    BUCKO Full Access Member

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    Yeah...I'm pretty sure that Bank of America didn't need government approval to charge that $5 fee.
     
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