Um, Yeah....Hi.

So, I think I did this backwards. I think I was supposed to introduce the blog....and then blog. Whatever. Hi, I'd like to welcome you all (since I'm the only one here at the moment, welcome Me, Myself, and I) to Certified Nonsense. This is a blog of my thoughts (and yours) on current events, issues, ideas, opinions, and interests. I won't commit to blogging everyday, hell, I work for a living and typing my thoughts doesn't pay the bills. Besides that, frankly, I'm not that good at it, so I'll stick to blogging when the spirit moves me and working my day job. Also, don't be afraid to click on the advertisements, you won't get a virus or start a chain of cataclysmic events that will bring about the apocolypse. They pay me for your clicks and we all need a little spare change. Feel free to leave comments, I like discussion and enjoy different points of view. So, welcome all, to a world of the most sensible nonsense you'll ever read.

Too Big To Fail....Because We're Getting Robbed.

Today, after months of planning, Bank of America decided to drop plans to implement a $5 fee to it's customers for debit card usage click here for story. A lot of big banks toyed with the idea of imposing similar fees, even going as far as testing the fees in certain markets. Last week Chase scrapped the whole idea. The reasoning behind the fee was to mitigate their losses (upward of $300 million a quarter) incurred by a law that limits the amount banks can charge retailers for accepting debit card payments that went into effect today (Nov. 1, 2011). Now, I'm not that smartest guy, but how can you lose money that you've not yet made? Why would you penalize the very people whom you BORROW money from on a daily basis to make money? Who's bright idea was this? Now, $300 million is a lot of money to lose, and yes, they're basing the loses on what they made in previous years. I noticed that during this cring and belly aching, that they didn't once mention that those loses could be covered by the $3.05 hike in monthly account maintenace fees that they charge to checking account customers (no such thing as free checking any more). Nor did they mention the $5 service charge if you want to pay your mortgage in branch. Yes, you have to pay them a fee TO PAY THEM! How do they justify charging you to hold your money so they can lend it out and make more money than you could even dream? Pay you a half percent interst if any at all, charge you to access your money, charge you to spend it, and some banks even charge you to talk to a live teller in branch that your money is paying for! I don't know about most, but I'm sick of it. When will laws get passed that help the consumer. Shouldn't there be a law in place that regulates fees that can be charged to customers? Pretty soon nobody will be able to afford to bank and we'll all keep money stashed in our mattresses, that is if we can afford to get the check cashed at the local liquor store or currency exchange (Note to self, blog about regulating currency exchange joints). I guess the banks expected us to feel sorry and 'poor baby' them. In the great words of Chad Ochocinco, Child Please!