Free Market System Outrages NBC's Robach

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Somebody arrest the CEO of Bank of America. The knave is forcing poor Amy Robach to use his bank's ATM machines. At least, so it would seem from Amy's statement on this morning's "Today."

The NBC show ran a segment this morning about the fact that BoA has raised its ATM fees for non-customers to $3. When things were kicked back to co-anchor Robach in the studio, she unloaded.

View video here.

AMY ROBACH: It is an outrage! Three dollars, to take out twenty or forty bucks?

Co-anchor Lester Holt sympathized.

LESTER HOLT: And I get it, it's for non-customers. But for example, here in New York I use my home bank ATMs, but you travel, and you go to some place, and you have to use another bank. Three dollars seems a little excessive to get your money.

Great points, Amy and Lester. An outrage! Excessive! Why doesn't Hillary propose some kind of government commission to set a "fair" price?

But why stop with ATM fees? Amy, on next week's show, why not catalogue all your expenses from the past year? If a $3 ATM fee is an outrage, why, $299 for a pair of shoes or 600 clams for a meal for four at some frou-frou French restaurant sound like nothing short of felonies to me!


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No is forced to use an ATM,

No is forced to use an ATM, ever. And if you do decide to use one, you have the option to look for one of your own bank's....

When you travel, you consider it an expense of convenience to use another bank's ATM. Whats the big deal?

And anyone with any brains that only has a competitor's ATM to use and needs cash on a regular basis would take out enough cash for the whole week...not just $20 or $40.

BTW, wasn't it proposed at one time already, to limit the fee that banks can charge for non-customer ATM use?

An outrage?

An outrage? I'll give you an outrage. I have to'give' my local school district $6000 dollars a year (if I don't pay up, they will take my house), and I don't even have any children in school!! That's an outrage.

You won't see that on the news.

D

Keep the ILLEGALS out, join NumbersUSA to send free faxes to your reps.

We had to pay for not using

We had to pay for not using the public schools, along with tuition for the parochial schools our daughter attended for 13 years (she just graduated).

Ditto here, mb. Our two

Ditto here, mb.

Our two older daughters attended parochial school for 7 years, and then went onto the local public system. And our property taxes ain't cheap.

Also, where does the water department get off charging us 2x for sewage what we pay for actual water?  How the heck do they know where the water is going?  Could be on my lawn.  Could be I'm filling tanker trucks and carrying it to another state ... It's NOT all flush and drain ...

But 2x ??!!??!!??

Outrage

BING BING BING! 

Hey, that was my profundidy detector going off!

Excellent point!

But the Black man, White woman newsreaders will never be outraged about that!

Taxes For Schools

Or how about my Father and step-Mother? They pay over $4,000 per year in school taxes, yet not only are their children not in school any more, their GRANDCHILDREN aren't even in school any more!!!

Ok, I will raise your, one

Ok, I will raise your, one outrage and go for total pissed
off. I own a hunting camp in the Northern Catskills. It has heat. There is no
city water, electricity, sewage, garbage pick up, no public street, which
means: no snow plowing in the winter. I pay the same rate that every one else
does for school,(I have no kids) roads, garbage pick up, road clearing, etc,
etc.. It’s a volunteer fire department..

The only thing I get from the local government is.. the..
bill..  

 

These are the boys of Pointe du Hoc.
Ronald Reagan- 40th Anniversary of D-Day

Salary?

I'll bet Amy complains whenever they give her a raise, too?

"An extra $50,000 a year increase in my salary, so that viewers can watch me say this crap? It's an outrage!"

___________________________________ 

If you can read this, thank a teacher. If it is in English, thank a Soldier. - My barber

Better ... I'll bet Amy

Better ... I'll bet Amy believes we don't pay enough taxes ... and Bush's tax cuts were wrong.

no brainer

Avoiding a fee is easy .. buy a drink from a store and pay using your card you CAN get cash back pluss you get something for the "fee".

p.s. first post long time reader

Welcome to the threads, no

Welcome to the threads, no brainer!

Hey!

You'll like it here - 'specially with people like Mark, Noel, Matt, Bret, Tim, etc.

Calling the fee's a no brainer, shows you leaning right, otherwise, you'd be calling for another hike in the minimum wage to cover the fees.

There is no sense in being stupid, if you can't prove it! - my dad V

you are making sense D A

makes sense D A. Thats why it will confuse libs.  BTW welcome!

The early bird gets the worm, but the second mouse gets the cheese.  ~ Unknown

What an absolute idiot. 

What an absolute idiot.  Is Amy not old enough to remember a time where there were no ATM's and people actually had to go to a bank branch and withdraw money?  Plus, not to mention, I must have missed the part where she is forced to use an ATM, and not just any ATM, but BofA's ATM machine.

MikeJ: haven't you heard?

MikeJ: haven't you heard? The evil CEO of BoA possesses a diabolical device that forces Amy and others to use only their machines ;-)

Or how about this

Withdrawals in the old days, using human tellers, were entirely free IIRC (yes, I'm that-old!). Does this mean the tellers & building with a security guard out front cost the bank nothing back then??

I'm convinced the economics-literate are becoming a vanishing species. I'm just trying to figure out how to make a buck or three off the phenomenon of people like this not knowing how markets really work.
JMR

Rally online with fans of Dr. Ron Paul.

If you're lookng for an

If you're lookng for an opportunity, and $3 is a rip-off, why not place your own ATM machines around time charging significantly less?

non-bank ATMs abound in Florida

And the variety of brands tells me that the business is plenty competitive already. These recycled ATM fee-outrage stories seem like dead-air filler to me. IMO it's really just the same faked-outrage story about the same fees imposed on a wealthy news-anchor they've always run since the very birth of ATMs. They're just combined with the effects of inflation and economic illiteracy these days.

But, like the new poster above, I've always considered ATM fees an excuse to get a drink or a bite to eat. It worries me that so-few journalists seem to know even the basics of economics 101, but with public schools teaching most of 'em, I'm not surprised...
JMR

Rally online with fans of Dr. Ron Paul.

journalism

The true injustice is that sponsors pay for this crap and you pay the sponsors for their products. "Journalism" today is a joke --- entertainment and backyard gossip for the ignorant, by the ignorant.  

P.S. My wife got a call from a relative last night. The woman makes 200 grand + for a major corporation. She wanted to know how long the term is for a U.S. Senator. Money making doesn't take much education any longer. Instead of using tax money, close all the public schools and let individuals who need them hire baby-sitters with their own money. Baby-sitters are what our public schools have become anyway.

NEVER,NEVER trust a "liberal"

 

I'm convinced the


I'm convinced the economics-literate are becoming a vanishing species.
I'm just trying to figure out how to make a buck or three off the
phenomenon of people like this not knowing how markets really work.
-sarcasmo

It will be tough making money off them because they seem to be of the mindset that everything should be free ...

Next Roback and her buddies will probably have a hissy over "check-cashing stores"...why should they charge a percentage of the check in service fees? Why should they charge you to give you money that's rightfully yours? The money that they need to rent the property where their "store" is, and to keep cash on hand to cash those checks just falls out of the trees, right?

Fees:

Ok now the lib tards are pissed about fees. So am I. But, unlike in the private sector where I can CHOOSE to go elsewhere to avoid fees, I cannot avoid the fees the PUBLIC sector imposes on me:

My business license fee

my fire district fee

my real estate transfer fee

my real estate filing fee

my marriage license fee

my recyle disposal fee

my registration fee

my automobile inspection fee

my school district athletics/activity fee (I have no kids)

my school bus surcharge fee (again, no kids)

The former Senate president of the Mass Legislature Billy Bulger used to brag that, while you couldn't always sneak a tax increase past the public, he had the ability to slap a fee on a galloping horse.

So Amy, you dim bulb, if you want to get rid of the dreaded "fee" (in government speak its a tax) I'm all for it. So what do ya think AMY?   <chirp  chirp>

The early bird gets the worm, but the second mouse gets the cheese.  ~ Unknown

Never Use BofA ATMs

I quit using Bank of America AND it's ATMs some time back when they started giving credit cards to people who are breaking our laws by being in this country illegally.

neighb

Same here neighb. As a

Same here neighb. As a matter of fact, my wife and I closed our accounts with BoA, paid off and closed the credit cards we had with them. They wanted to know why, and I told them I had no use for anyone that encouraged illegal activity.

Save a SeAL, club a liberal!!

Good for you bass

Big companies take "defections" of their good customers very seriously.

I wish I had an account there so I could close it. 

David Gregory, do you know which damn network you lie for? ~ Uncle Jimbo, @Blackfive

 

Not too seriously I'm sorry

Not too seriously I'm sorry to say... I just closed out a checking account with a bank I've been with since I was 18 because their service went so far down the tubes they had to start charging me fees (finally got most of them refunded). They started losing deposits, and crediting them to my accounts a week+ later while not telling me that I was racking up SERIOUS NSF fees.

I finally found a small town bank that I could trust, and I  hope they don't get bought out anytime soon. It's hard to find a good bank these days.

I really think that questioning others' masculinity is a game probably better left to people who haven't had more cock in and out of them than a Tyson Chicken regional distribution center. AceOfSpades 06162007

Open one, with a large

Open one, with a large deposit, then close it because you "just found out" :)

ATM charges. That would

ATM charges.

That would be the Fee Market system, I suppose?

Check out my latest YouTube...but only if you support the troops and their mission: Better Men Than Me/The Battle For Fallujah

Here's the problem:  Amy's

Here's the problem:  Amy's brain is as wired and evolved as the ATM she used.

GIGO?

for Amy's brain?

 Support our Troops 

Dear Amy Robach

Dear Amy Robach,

I realize as a liberal you have only programming to make your brain function and are void of a Conservative gentleman to help you along the financial way in your Affirmaive Action job. In that light, I will offer you some sound tips to assist you which are in part what Ben Stein accomplishes daily as many other Conservatives do with a few of my own financial helps.

First Amy, you need to find your bank. It is a building where the billing address on the envelopes you receive your statments from. It will have BANK on the outside so this should help you. If not hire a cab and give them the address and take special note as you ride along the route to your bank.

Second, park in a well lit area so you will not be mugged.

Third, enter your bank. There will be tellers there (people behind the counter). You walk up to them with your checking account book or savings account book with your identification. This is a driver's license.

Fourth, you smile and present them your book and if they ask for ID you present that too and say, "I would like to withdraw $100 in four 20's and two 10's". The teller will handle all of this and you will have to subtract the 100 which is easy from your balance in your checking account.

Fifth, put the money into your purse and walk to your car being aware no one is going to mug you and drive home.

Sixth, at home you put all except twenty dollars into a safe place you will remember and the $20 you keep in your purse for the small things you need until it is gone and then you replenish it from your cash stash.

Seventh, you repeat this weekly taking less or more from your bank as you find what you need.

Eighth, is a bit more difficult and if you need a Conservative gentleman, find one and they will assist you.

For your non business and household expenses which are not tax deductable use your bank's debit card. This means things like groceries and gas.

For your monthly bills auto electronic pay them. This would be electric, cell phone, rent etc... Making certain you check those bills for mistakes monthly.

For business expenses which are tax deductable like your pretty clothes, travel expenses associated with business etc... you get a credit card like American Express Blue or Discover with cash back programs. (Do not use Chase or other BoA cards as they seem to be Rockefeller controlled and intent on destroying America.)

For all other shopping to keep things simply you just keep one other credit card in a Visa or Mastercard as they are most readily accepted any where.

In this way dear Amy each month you will only get 4 bills in your mail which you will promptly pay in full and not have any interest rates. Your bank (remember the brick building which had tellers) will probably even give you a binder with monthly sections in it to keep all your bills in order, so when you pay your IRS taxes it will be easy to sort through them and itemize the accounts.

I sincerely hope this helps and do not feel bad about being ignorant of finances as most of us were not born Milton Friendman or Ben Stein.......but some of us actually took the time to read their writings instead of talking on our cell phones for 6 hours a day.

God bless your financial learning Amy.

LC

 

*HIC IACET ARTORIVS REX QVONDAM REXQVE FVTVRVS

If not for ATMs, Amy would

If not for ATMs, Amy would be complaining about spending gas money driving to a bank branch. This reminds me of years ago, when my friends complained about the cost of DVDs compared to records. I pointed out that you wouldn't have to replace DVDs frequently like records, but that's how some people think...

Hey, Genius!  If you don't

Hey, Genius!  If you don't like the service you're getting at your bank, move your money elsewhere.  Or since you're so busy, have your butler do it.

$3.00 convenience charge for access to $20.00...that's 15%.  No doubt she thinks 15% tax on capital gains is an inadequate "convenience" charge.  I doubt she complains too much when her agent takes his 15%...or when the government bleeds ordinary citizens of their hard-earned employment income.

By the way, isn't she wearing the same outfit that Hooters girl was wearing when she got kicked off that Southwest flight?

Res tantum valet quantum vendi potest

What is this Amy Rorbach crying about? 

My bank actually REFUNDS all ATM fees ($10 limit) every month.  It's called getting off of your pretty little behind and SHOPPING for the BEST DEAL. 

Besides, there is ALWAYS this little kernel of wisdom:

Res tantum valet quantum vendi potest.

You're a rich girl, and you've gone too far...

Amy Robach is high enough up the NBC food chain that she probably makes a salary most of us would die for. Why does she even notice a $3 fee?

When you put the clowns in charge, don't be surprised when a circus breaks out.

Showing Their Ignorance Of The Free Marketplace

What they should have said is "Where are the banks who will undercut BofA and charge less or nothing at all to use their ATMs for cash withdrawals? "

Just my $0.02