Saturday, January 27, 2007
Let Me Get My Money
The NDP just wants to regulate everything.
NDP MP Pat Martin is going after ATM companies that charge a fee for transactions.
I can still remember a time when if you wanted your money from the bank, you actually had to go to the bank during business hours. Today, you can get your money in a variety of convenient ways.
Why is it this way now? Because it's profitable. Banks are able to make more money, because people are willing to pay for these extra services. It's nice knowing you can get your cash at almost any business on any block in the country.
But Pat Martin seems to think that these services should be free. His reasoning being that banks are making lots of money. What Martin doesn't seem to comprehend, is that the reason bank profits are at an all time high, is because people are using banks and their services more than ever.
The Dippers still believe in the quasi-Commie group-think that a business should only be allowed to profit so much. It doesn't matter that profit is the only motive to provide a service, the evil of profit trumps any benefit provided by that service.
NDP MP Pat Martin is going after ATM companies that charge a fee for transactions.
New Democrat MP Pat Martin said the notion that the two banks would have a stake in non-affiliated bank machines that "gouge" their own clients makes his blood boil.
"Their greed knows no limits," said Martin.
He said he is considering whether to file a complaint to the ombudsman of financial institutions. He will also be pushing for the Commons Standing Committee on Finance to examine the issue as part of its five-year review of the bank act.
I can still remember a time when if you wanted your money from the bank, you actually had to go to the bank during business hours. Today, you can get your money in a variety of convenient ways.
Why is it this way now? Because it's profitable. Banks are able to make more money, because people are willing to pay for these extra services. It's nice knowing you can get your cash at almost any business on any block in the country.
But Pat Martin seems to think that these services should be free. His reasoning being that banks are making lots of money. What Martin doesn't seem to comprehend, is that the reason bank profits are at an all time high, is because people are using banks and their services more than ever.
The Dippers still believe in the quasi-Commie group-think that a business should only be allowed to profit so much. It doesn't matter that profit is the only motive to provide a service, the evil of profit trumps any benefit provided by that service.
Labels: NDP
