[gmany3k]

I watched all those type of shows my whole life . one step beyond ,chiller , in search of , to many to recall right now. think more like Moses passing down knowledge by word of mouth.
maybe some of you guys can chime in it would be fun.

[Mr_Jet]

Quote

Bank of America fee retraction shows effect of consumer rage
By Bruce Horovitz, USA TODAY

Consumer rage in an electronic age has corporate titans doing something few have so willingly done before: back-pedaling.

When Bank of America announced Tuesday that it was nixing its widely panned plan to charge consumers a monthly $5 debit card fee, it joined a handful of other familiar banks that also had back-pedaled. The unusual moves follow a recent, customer-instigated about-face by Netflix, which scrapped plans to split into two businesses and ultimately charge customers more.

"Every company is now sitting on electronic quicksand," says Howard Rubenstein, the famed New York PR guru. "It may look like solid ground, but one wrong move and you're up to your chin."

Some see it as the Occupy Wall Street of the no-longer-silent majority. Most corporations only become aware of the wallop of this emerging consumer power when they make a serious mistake and fall victim to it. This new, power-to-the-grumbler movement is only going to grow.

There's a considerable price to be paid in damaged reputation — and lost business — to companies that don't pay heed. Some $58 billion in transactions may be at risk from Americans who had a problem with a product or service purchased within the last year, estimates a study due out today from the W.P. Carey School of Business at Arizona State University.

"Most companies don't handle problems well," says Mary Jo Bitner, the business professor who oversaw the study. "And that only gets people more enraged." Behind the banter:

•Social media explosion. "For the first time ever, the volume of response is now visible because of social media," branding consultant Martin Lindstrom says.

For example, Consumers Union reached out to 780,000 people on its opt-in list following the original BofA debit card fee announcement, and some 40,000 of them asked for a congressional investigation into the fees, says Norma Garcia, manager of the watchdog group's financial services program. "The bigger message is: consumers matter," she says.

•Frustrated consumers. The sheer number of people experiencing serious problems with companies, products or services keeps growing, Bitner says. The figure, which should be declining, she says, instead ballooned this year to 45% of consumers from 32% in 1976.

•A chance to matter. Many consumers are anxious about their jobs; angry about their salaries and increased workloads; upset about climbing health care costs; and worried about their mortgages, notes Bitner. She says there's still one thing under their control: the chance to speak out.

[azjetfan]

That is the way it should be. The consumer dictates the terms of the product. Not an overgrown out of control government.

[santana]

porkin a girly from the bank
she was giving me some insight on her meetings about these new policies they are trying to enforce

apparently their whole angle to the fees is to steer customers to use their credit cards. so if you go to ur bank and bitch about fees they will tell you to apply for their credit card. that way you can spend what you want on it and pay it at the end of the month. yeah so for you to freely spend your money they are trying to get you to open a credit line with them. total money grab. its a good business tactic but come on fuck off.

not only do they want to potentially add fees per transaction on a debit card
they are considering adding limits to your debit card every month so say you can only spend 300$ on ur debit then you are charged a fee for going over the 300 like 5 bucks or whatever

[Mr_Jet]

azjetfan, on 01 November 2011 - 10:43 PM, said:

That is the way it should be. The consumer dictates the terms of the product. Not an overgrown out of control government.

Yeah it was the government's fault that Bank of America wanted to charge it's costumers a $5 debit card fee. Yep Obama, Plouffe, and Daley cooked that one up right there in the oval office. There's a reason why it's called Occupy Wall Street and not Occupy Pennsylvania Avenue. The protesters know when Wall Street says "jump", the government says "yes massa, through which hoop?."

[Jetsfan115]

santana, on 01 November 2011 - 09:31 PM, said:

porkin a girly from the bank
she was giving me some insight on her meetings about these new policies they are trying to enforce

apparently their whole angle to the fees is to steer customers to use their credit cards. so if you go to ur bank and bitch about fees they will tell you to apply for their credit card. that way you can spend what you want on it and pay it at the end of the month. yeah so for you to freely spend your money they are trying to get you to open a credit line with them. total money grab. its a good business tactic but come on fuck off.

not only do they want to potentially add fees per transaction on a debit card
they are considering adding limits to your debit card every month so say you can only spend 300$ on ur debit then you are charged a fee for going over the 300 like 5 bucks or whatever

Thats Such BS. they don't want you to access your own money? What BS

[azjetfan]

Mr_Jet, on 02 November 2011 - 01:19 AM, said:

Yeah it was the government's fault that Bank of America wanted to charge it's costumers a $5 debit card fee. Yep Obama, Plouffe, and Daley cooked that one up right there in the oval office. There's a reason why it's called Occupy Wall Street and not Occupy Pennsylvania Avenue. The protesters know when Wall Street says "jump", the government says "yes massa, through which hoop?."

I think you missed the point.

[azjetfan]

santana, on 01 November 2011 - 11:31 PM, said:

porkin a girly from the bank
she was giving me some insight on her meetings about these new policies they are trying to enforce

apparently their whole angle to the fees is to steer customers to use their credit cards. so if you go to ur bank and bitch about fees they will tell you to apply for their credit card. that way you can spend what you want on it and pay it at the end of the month. yeah so for you to freely spend your money they are trying to get you to open a credit line with them. total money grab. its a good business tactic but come on f*** off.

not only do they want to potentially add fees per transaction on a debit card
they are considering adding limits to your debit card every month so say you can only spend 300$ on ur debit then you are charged a fee for going over the 300 like 5 bucks or whatever

If there whole angle was to steer people into using there CC they would not tell a retail associate. More than likely this was a poor job of a branch manager trying to show X-Sell opportunities. Also the banks make the same exchange rate on Debit card purchases when a PIN # is not used as they do CC transactions. Its only when you use your PIN # does the bank loose out on some of the exchange fee (then it goes to the processor). Also most banks do not house there own CCs. BofA, Wells and Citi may be the only ones that do. No profit there from interest for the rest. Also a bank could care less if you have $20,000 or $100. Banks can no longer make money by storing your money. Most banks and Unions have all the capital they need to fund loans aquire banks ect without your deposits. With the secondary market buying loans as fast as the banks and unions can make them they will never run out of capital. Also the Fed is paying banks 0% right now so there is only cost to banks for people who have accounts (Paying FDIC,overhead,fraud transactions ect). This is where the fees comes in. More than likely your girl was mislead by a poor manager or was not catching all the info.

[Mr_Jet]

azjetfan, on 02 November 2011 - 10:14 PM, said:

I think you missed the point.

My point was that Bank of America went for a greedy money grab and the government had nothing to do with it...well other than being an enabler.

[FlyHiJets]

Bank of America has got to be one of the biggest jokes in the country. They've backed down from their debit card monthly fee, but no matter what they are still THE single greediest bank in this country. They took billions from the bailout only to give money to their execs and then export another billion plus in jobs to India for the second time in about ten years.

[azjetfan]

Mr_Jet, on 02 November 2011 - 10:38 PM, said:

My point was that Bank of America went for a greedy money grab and the government had nothing to do with it...well other than being an enabler.

Ummmm OK. Not sure where you are going with that. My point was we the people should be dictating terms set by retailers by what we buy/use. You can pick whatever company you want.

[santana]

azjetfan, on 02 November 2011 - 10:44 PM, said:

If there whole angle was to steer people into using there CC they would not tell a retail associate. More than likely this was a poor job of a branch manager trying to show X-Sell opportunities. Also the banks make the same exchange rate on Debit card purchases when a PIN # is not used as they do CC transactions. Its only when you use your PIN # does the bank loose out on some of the exchange fee (then it goes to the processor). Also most banks do not house there own CCs. BofA, Wells and Citi may be the only ones that do. No profit there from interest for the rest. Also a bank could care less if you have $20,000 or $100. Banks can no longer make money by storing your money. Most banks and Unions have all the capital they need to fund loans aquire banks ect without your deposits. With the secondary market buying loans as fast as the banks and unions can make them they will never run out of capital. Also the Fed is paying banks 0% right now so there is only cost to banks for people who have accounts (Paying FDIC,overhead,fraud transactions ect). This is where the fees comes in. More than likely your girl was mislead by a poor manager or was not catching all the info.

Agreed
most likely just a x-sell tactic
Generate more business using their own fees to their advantage

[Mr_Jet]

What's sad is within the next year 2 BILLION dollars will be spent just on the presidential election by both campaigns alone, and most of that money is going to come from Wall Street. And that's not counting congressional and state and local races. Yet we can't afford to rebuild this country's aging infrastructure and keep from laying off cops, firefighters, and teachers? It doesn't matter who's in the White House, it doesn't matter who is Speaker of the House. The entire system is fucked up. I'm just glad people have finally started protesting this corrupted of system.

[azjetfan]

Mr_Jet, on 03 November 2011 - 03:05 PM, said:

What's sad is within the next year 2 BILLION dollars will be spent just on the presidential election by both campaigns alone, and most of that money is going to come from Wall Street. And that's not counting congressional and state and local races. Yet we can't afford to rebuild this country's aging infrastructure and keep from laying off cops, firefighters, and teachers? It doesn't matter who's in the White House, it doesn't matter who is Speaker of the House. The entire system is fucked up. I'm just glad people have finally started protesting this corrupted of system.

There is alot of truth in that statement. Wall Street should not be singled out though.

[MoMilk1991]

Mr_Jet, on 03 November 2011 - 04:05 PM, said:

What's sad is within the next year 2 BILLION dollars will be spent just on the presidential election by both campaigns alone, and most of that money is going to come from Wall Street. And that's not counting congressional and state and local races. Yet we can't afford to rebuild this country's aging infrastructure and keep from laying off cops, firefighters, and teachers? It doesn't matter who's in the White House, it doesn't matter who is Speaker of the House. The entire system is fucked up. I'm just glad people have finally started protesting this corrupted of system.

*edit* Just to echo, it isn't solely Wall Street's/big business that corrupted and all but killed the country. Their political enablers are to blame as well. Every single one of them.

[azjetfan]

RIP George

[FlyHiJets]

Mr_Jet, on 03 November 2011 - 04:05 PM, said:

What's sad is within the next year 2 BILLION dollars will be spent just on the presidential election by both campaigns alone

None of the protesting is going to make a damn bit of difference though considering the American general population does not elect the new president.

[MoMilk1991]

FlyHiJets, on 03 November 2011 - 07:14 PM, said:

None of the protesting is going to make a damn bit of difference though considering the American general population does not elect the new president.

But how would you resolve this issue? Abolish the Electoral College? Amend the Constitution to ensure that the Presidential Electors follow the popular?

Not that I think either proposal could reach a serious level in Congress, let alone be passed.

[azjetfan]

There will never be a fix because the people who fix it are mostly on the take. What George said is true. And its both sides of the fence. Where is Ross Perot?

[SecondHandJets]

Mr_Jet, on 03 November 2011 - 04:05 PM, said:

What's sad is within the next year 2 BILLION dollars will be spent just on the presidential election by both campaigns alone, and most of that money is going to come from Wall Street. And that's not counting congressional and state and local races. Yet we can't afford to rebuild this country's aging infrastructure and keep from laying off cops, firefighters, and teachers? It doesn't matter who's in the White House, it doesn't matter who is Speaker of the House. The entire system is fucked up. I'm just glad people have finally started protesting this corrupted of system.

I think I remember McCain running on a platform of changing campaign financing. Too bad we got Change instead.