I JUST GOT BACK FROM BANK OF AMERICA.

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I received a Corp. Check from someone for $100.00. Since I was driving right by the place I thought I would drop in and cash it. It was the bank the check was written on.
   I had previously been watching a Fox News report making viewers aware of B.of A. receiving a billion or so dollars of Tax collected Stimulus money to help them through these hard times. I guess turning over the smaller assets of the failed local banks who were competition to B.of A. wasn't enough retribution for the millions of dollars B.of A. contributed to the Democratic/ Socialist campaign in 2008 that put Obama into office. It would have been better spent helping the smaller, Independent banks from losing their assets to Corporations like Bank of America.
   Anyway, to add to their resources, Several of the larger Banking Corporations are joining hands in Pricefixing rates and charges to enhance their reserves. Here's just another way it's being done. Keep in mind that price fixing can be against the law in marketing businesses. It takes away the need to compete for your money and it protects larger Corporate businesses from smaller companies. Another word is collusion.
   I don't have an account there so when I approached the teller she graciously asked me for I.D. and a finger print on the check. After so doing, She informed me that since I didn't have a current account there, I would have to pay $6.00 to cash it. I was surprised at that. I pointed out the check was written on that bank. She answered back that it didn't matter. She then offered to have me establish an account. I declined by telling her she had just given me reason not to! She said that all the major banks are doing it. I replied that, in banking as well as politics, 5 wrongs don't make it right. It was all an amiable exchange.
   It brings me to a point I made in a previous blog. Because of their political affiliations, certain Co.'s are not regulated on behalf of the consumer's interests. Why not? Because that's not who they have to go to for their back door money. That's why.    Just sayin'.