
Originally Posted by
MumblesBadly
Two important reasons to "hating on big banks":
(1) If too large, their failing can be such a huge cost to health of financial system and economy that bank execs count on the government bailing them out if they take on too much leverage and risk.
(2) If too large, banks can use the soft influence of the "revolving door" between government oversight agencies and industry to unduly sway agency employees to give unfair favorable treatment to the big banks.
Not only this but they charge me a fucking fee for checking my own balance, for not maintaining a minimum required balance, for using an atm from any other bank, and for basically doing anything related to trying to save time, money and/or timely paying bills.