Today’s New York Times features the article: ‘Overspending on Debit Cards Is Painful, but Not for Banks’. Why is this worthy of the front page? This should be common sense to consumers.
http://www.nytimes.com/2009/09/09/your-money/credit-and-debit-cards/09debit.html?_r=1&ref=todayspaper
Banks have a secret that runs counter to their public duties: they don’t make money on some customers, and in fact would rather offload them—but they are legally obliged to offer accounts without discrimination. They aggressively recruit the good customers, and the screen the teller sees indicates if one is a good customer, whereupon they act nicer.
This is typical of most businesses and we have to remind ourselves that banks are for-profit Organizations.
Although, I too have been subjected to a $40 latte, I hold myself accountable. The Journalists’ clearly add influence to an already frustrated consumer. Based on our current economic situation, the Banking industry should be closely monitored and supported back to prosperity. This piece is influential, not the niche of the New York Times, and does not hold the public accountable for their unjustified spending.
NB C-notes
14 years ago
1 comment:
Some scientists really got me worked up this week after I read a headline that they had discovered a new breed of giant rat.
“Wow,” I thought, “How did those scientists sneak into Bank of America’s board room.”
I was chopfallen to learn that what the scientists found in a remote New Guinea rainforest was,in fact, a new four-legged rat.
At nearly 32-inches long, the Bosavi wooly rat is no relation to the BBrother’s woolly suited varmit.
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