Leto

hmm. I've always been startled by the way banks rationalize the use of sevice fees. An I'm an ex-National Trust systems guy myself. I used to code the new fees into the programs.

The way I see it, it is free enterprise, what ever the customer is willing to pay, that's what they can get away with charging. When the banks rationalise that the cost of the ATM systems have to be financed somehow (I heard that yesterday on the news) I wonder where the benefits and avoided costs went to when 50% or more of their customers stopped using tellers in favour of the machines? I know: right into profits.

I'm less for legislating the fees out of existence then I am to opening the banking industry up to international competition, where I am sure almost all service fees will disappear as Canadian banks learn to be more efficient in investing versus supporting a financial programme on the backs of user fees.


I think layton's position has legs, but they are very short small legs which will tire quickly.