Capitalism

Reader comment on: Citibank Raises Check Reorder Fees

Submitted by Jerry Skurnik (United States), Mar 16, 2011 08:27

My understanding of how capitalism works is that the prices that a business charges a customer is based on whether they think the customer will pay. If you (and I as a Citibank customer also) are willing to pay more, do you really think Citibank would not charge these fees if the Dodd-Frank Reform had not passed. Why would they turn down additional profits?

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The Future of Capitalism replies:

Why were they charging less before, then?

Next time I will get the checks from somewhere else,, as the commenter Lyle suggested.

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Other reader comments on this item

Title By Date
⇒ Capitalism
[w/response] [64 words]		Jerry SkurnikMar 16, 2011 08:27
How banks earn [51 words]Marsha EnrightMar 15, 2011 18:06
Dodd-Frank Reform [64 words]James WaltersMar 15, 2011 12:10
You can also get checks thru Wal-Mart.
[w/response] [33 words]		LyleMar 15, 2011 08:01
Interesting ad by coincidence [80 words]LyleMar 15, 2011 07:57
Fees being added at BofA as well [54 words]John DiSMar 14, 2011 21:37

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