Comments on: The cure for higher ATM fees is competition http://blogs.reuters.com/christopher-whalen/2011/09/30/the-cure-for-higher-atm-fees-is-competition/ Wed, 16 Jul 2014 00:47:01 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: edgyinchina http://blogs.reuters.com/christopher-whalen/2011/09/30/the-cure-for-higher-atm-fees-is-competition/comment-page-1/#comment-1353 Fri, 21 Oct 2011 02:51:24 +0000 http://blogs.reuters.com/christopher-whalen/?p=712#comment-1353 “the “too-big-to-fail” (TBTF) banks are not really profitable”… I call you out on this statement…. This is either a total LIE, or you’re buying into their fraud….
Prove this statement…. You can’t….

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By: txgadfly http://blogs.reuters.com/christopher-whalen/2011/09/30/the-cure-for-higher-atm-fees-is-competition/comment-page-1/#comment-1283 Fri, 30 Sep 2011 21:53:34 +0000 http://blogs.reuters.com/christopher-whalen/?p=712#comment-1283 Bank deregulation has brought us higher prices, financial collapse, and bad banks.

Bring back Glass-Steagall now! It worked. What we have now clearly does not.

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By: E_B http://blogs.reuters.com/christopher-whalen/2011/09/30/the-cure-for-higher-atm-fees-is-competition/comment-page-1/#comment-1282 Fri, 30 Sep 2011 18:07:09 +0000 http://blogs.reuters.com/christopher-whalen/?p=712#comment-1282 “I have a better idea: Open up the TBTF banks to competition.”

There’s already a revolution in the payments system underway. See these guys:

http://www.federalreserve.gov/communitya ffairs/national/2010mobile/agenda.htm

Only it’s not just about the un/underbanked anymore, esp. as mobile payments take hold. In a few years, what we call banking at the retail level will look more like what a check cashing store resembles today.

Prepaid card companies under $10 B got a critical exemption in Reg II from the interchange limits. And, it’s not just banks that are going to be writing living wills, DF mandated the Fed compel the same for non-bank financial entities as well.

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