MainLine Peace Action/DelMont PDA

January 16, 2011

“We Don’t Want To Raise Fees On Our Customers”

Filed under: economics — Tags: , , — Walter Ebmeyer @ 5:55 am

JP Morgan Chase is lying again.  They do want to raise fees, and it has nothing to do with regulation.  It has to do with (can you guess?) profits.  Move your money.

http://www.nytimes.com/2011/01/15/your-money/brokerage-and-bank-accounts/15money.html?_r=1&scp=1&sq=Lieber&st=cse

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2 Comments »

  1. Why are you against profits? You indicate that our money should be moved. They (the banks) take risk lending money to individuals and businesses (that is their business). This service is very valuable to people that run businesses and even households. It allows them to extend credit and increase inventories. Both of these actions create jobs.
    If you take a risk investing in something can’t you expect a profit from that investment?
    One more thing Walter. Do you have a 401k or some investment plan. You may want to look it over. You probably have some financial stocks which means you own a part of that company. There are individuals acting on your behalf to keep that stock as valuable as possible whether through valuation or dividends both of which occure when profits increase.
    Financial stocks are making great gains recently. Shame on you Walter.

    Comment by cb — January 16, 2011 @ 11:48 am

  2. You really should read the article before you comment.

    Comment by ebmeyer6w — January 16, 2011 @ 3:26 pm


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