Overheard on CNN.com: Banks aren't getting the message
Citi announced new banking fees for its midlevel clients Wednesday, which was not popular with CNN.com readers.
October 5th, 2011
04:18 PM ET

Overheard on CNN.com: Banks aren't getting the message

Comment of the day:

“How ironic that this story sits next to a story about Occupy Wall Street. Someone did not get the memo.” - BillyRyan

Citi raises checking account fees

Citi announced Wednesday that they are slapping customers with another fee — this time on midlevel checking accounts — for members who do not maintain minimum balances of $15,000 on their combined accounts.

And for CNN.com readers, the announcement seemed like the straw that broke the camel's back: they were livid and encouraged Citi clients to withdraw their funds. Others shared their positive experience with credit unions and said people should follow in their footsteps.

RogerBlatto said, “How completely arrogant and greedy can these banks get. They likely know that 99 percent of people cannot afford to keep $15K in cash in their accounts. So charge them $20 while you let the rich get a free ride? Maybe these Wall Street protesters have a point after all.”

tstorm9200 said, “Credit unions are about to explode in growth!”

Mindurbiz said, “Welcome to the impact of government regulations. You clip previous revenue streams and they end up being distributed across the board.”

Richard Buchanan responded, “That's exactly what the banks want you to think and say: Blame the government not the rich CEO's and Wall Street tycoons…”

tstorm9200 also responded, “You couldn't be more wrong. It's Bush-led deregulation for the past decade that got us into this mess.”

Libslost said, “Everyone, transfer your money out of Citi! Put them out of business.”

Imintexas responded, “That is the KEY libslost. If everyone would get on the same page and support one another we could control a lot of what is happening here. If 3/4 of all Citi customers pulled and went to another bank who is not charging Citi would suffer and the other bank would not, and probably would not even consider fees, because they just got a huge number of new customers and they won't want to loose them.”

Pdough said, “For the life of me, I can't understand why people continue to keep their money (or what's left of it) at these banks. Have you not all heard of local credit unions? I pay a total of $10 per month service charge, have free checking and savings, have no restrictions or fees associated with the use of my debit card or online transactions and I have an overdraft/credit line that I can access at any time and I only pay 9 percent interest on any outstanding balance (no additional fees).”

Ethandy said, “This is obscene. Banks screw up, taxpayers bail them out, banks increase fees on them ‘to recover the lost revenue from swipe fee regulation.’ How incredibly arrogant and insulting. People are hurting and these big banks have no scruples whatsoever to make it even harder for them. They're making record profits even with the new regulations. I have to believe that they just don't want individual checking account customers anymore. That they are happy with just maintaining their commercial clients. It's time to bail from these banks, people. Let the free market prevail. You are free to leave.”

Guest said, “Funny how everyone thought I was crazy a few years ago for saving money the old fashion way and not trusting banks. Screw the banks! Screw those who continue to support them!”

Guest said, “Well, they will be either looking for another bail out or just go bankrupt, because everyone I know with a bank account there is leaving. Vote with your money people.”

Mike280 said, “Thank you USAA, for being a shining beacon of light in an otherwise dark world.”

5612jean said, “Like a lot of people I am fed up with everyone who has their hand in my pocket ripping me off. The rent just went up, they are no longer paying for the utilities that were formerly included in the high rent. I have a car payment. Got a .28 cent raise. Now the bank wants more of my money. They can impose this fee if they want to. I will take my little bank account straight to the credit union. Enough is enough. The rich keep getting richer. Greed it's the American way.”

In support of banks, wildman69 said, “Banks are a private business and no one is forced to use them. That fact is, many people who use banks have little to no savings to help the bank offset costs of account maintenance. Many 401k's and other retirement accounts have a stake in BofA's profits, so you can curse them, but your either making money from them, or costing them money."

Mmm…sour beer

Beer aficionado and blogger Nathan Berrong (who works at CNN’s satellite desk) shared his love of sour beers on CNN.com’s Eatocracy site—that’s right, sour beer. Apparently beer drinkers either love it or hate it and many readers shared their insights on the bitter adult beverage.

Teethscrape said, “Cascade Brewing out of Portland, Oregon has the best sour beers I have ever had!”

Char said, “Ommegang Zuur – it was my gateway sour ale. Love this style of beer!

2xltall said, “I recommend Bell's Oarsman!”

Plastiklov said, “Jolly Pumpkin is an excellent brewery out of Dexter, Michigan, specializing in sour beer!!!! Can't believe they were overlooked in this article!”

Sour Tooth said, “I absolutely love sour beers, and have since I was first introduced to craft beer. Duchesse, Petrus, and Rodenbach are my favorite mainstays, and Consecration is my all time favorite American sour (thus far). While I love La Folie, I have also really enjoyed New Belgium's Eric's Ale and Le Terroir. Cantillon obviously brews the best in the world, and I'm still searching for my holy grail, the Blabaer. Great article Nathan!”

Beer snob said, “I have yet to taste an American sour that can stand up to a Belgium. There are some good ones out there...but the wild yeast strands cannot be duplicated.”

Jay said, “I was in Belgium back in May. There is a small town called Beersel about 15km outside Brussels, a cute little Flemish town. They have a castle and are home to Drie Fontinein Brewery and a restaurant by the same name. Their gueze, kriek, and lambic are out of this world. The best kept secret? Their Beersel Lager, the best lager I have ever had!”

Traveller said, “There are LOTS of beers that have a sourness to them outside of the obvious Belgian varieties. You should probably also go to Finland and experience sahti. I know it's not as hip as the lambics, but sould very much be on every beer lovers to-do list.”

prs2cube said, “Back in the 70s-80s, there used to be Berliner Weiss at the Brickskeller in DC. It was sourer than a lambic – so sour that it was traditionally mixed with raspberry syrup. Don't know if it's still available here. Apparently no American craft brewery has attempted the style. Oh well...”

njw responded, “It is a shame that the Brick is no more. Great place to go for some one of a kind beers.”

Greg Malor said, “Big fan of beer. Not a fan of sour beers. I've tried them. I guess my tastebuds are not "complex" enough to enjoy them.”

Clutch fan said, “I just had a Clutch Dark Sour Ale and it is the best beer I've had in years. Too bad I'm 12 hours away from the nearest bottle...”

jimmy jam flam man said, “You yahoos ain't got jack on Pabst Blue Ribbon!”

Do you feel your views align with these commenters' thoughts? Post a comment below or sound off on video

Compiled by the CNN.com moderation staff. Some comments edited for length or clarity.

soundoff (200 Responses)
  1. Joey Isotta-Fraschini

    Good morning!
    @ Philip: I won't debate starving African children and diamonds with you seriously because nobody should feed your demons. They make you stir s#!t to get attention. I know much more about diamonds than you do, so don't go there, and I don't respond to guilt about hungry children: I didn't eat their breakfast.
    Otherwise, I hope you're well, and your friends as well as your enemies should tell you that you drink too much.
    I'm certainly not your enemy, even when you accuse me of supporting the spread of HIV.

    October 6, 2011 at 6:16 am | Report abuse |
  2. Philip

    @Joey. Hogwash. You fully realize that if African citizens were allowed access to their own natural resources (oil, diamonds, etc) they would be wealthier than you. (So you know that diamonds aren't rare and that their value is artificial...based on leeping most of them off the market. And you also know that DeBeers started out as an NAZI corporation who joined with a few unscrupulous American businessmen to escape war crime tribunals. They even called themselves 'the NorthAmerican Mining Corp. at one time. And you know that Solomon didb't use any diamonds building the Temple. He used all kinds of precious imported woods and jewels, but no diamonds. Why? Because diamonds weren't rare back then. Back before the diamond hoarders came along. Good seeing you again Joey. 🙂

    October 6, 2011 at 6:43 am | Report abuse |
  3. Philip

    I'M sO dRunk anD hungEd oVer. YOu peOpLe arE riGht. Paul should have never told Timothy to stop drinking water and drinl wine instead. Even if that meant allowing a bunch of head-strong old women stand-up and speak what's left of their minds. Now go tell Jesus to mince his words that are so very much harsher than mine. Do you ever see me calling Jewish leaders "offspring" of the Devil? To their face...in public? If I did, you would have a bone to pick with me. But as it stands, Jesus Christ did. And he has eagles to pick the bones of those whom he will slaughter with his sword, so piicking a bobe with him will only get you dead forever.

    October 6, 2011 at 6:53 am | Report abuse |
  4. Philip

    ...and b4 you all go saying their isn't a God of the bible, remind yourselves that your President swore an oath on the bible, and claims to follow Jesus Christ as lord. You might also want to remind yourselves that your Congress prays to the God of the bible before each and every session begins. So if you have bones to pick along those lines, pick them with the person you voted for or side-with politically. (not me)

    October 6, 2011 at 6:59 am | Report abuse |
  5. michaelfury

    And what is the fee for money transfers of $100 million or more?

    http://michaelfury.wordpress.com/2010/09/10/ghosts-in-the-machine/

    October 6, 2011 at 7:35 am | Report abuse |
  6. banasy©

    Good morning, JIF.

    October 6, 2011 at 8:06 am | Report abuse |
  7. Jj

    This whole thing was started by barney frank and friends. thank the democrats for your your high bank of america fees. in an effort to keep atm fees down they effectively told the banks to raise the price of everything else. thank you barney. why doesnt anyone know this???

    October 6, 2011 at 8:54 am | Report abuse |
  8. banasy©

    Remember when ATMs came out? I do.
    They started out free, and the banks were touting them as a cost-saving alternative to teller service.
    Until they realized what a cash cow they are, that is.
    ATM's were absolutely free at first.
    Barney Frank isn't the cause of this latest fee-based bankfest.
    Too think that only one party is responsible is really misplaced; both parties are guilty of feeding corporate greed.

    October 6, 2011 at 10:24 am | Report abuse |
  9. Joey Isotta-Fraschini

    @ banasy:
    Good morning, Sovereign Copyright.
    @ Philip:
    I enjoy reading your works more when you're in this mood.
    Aussi, you're sparring better this morning.
    Yeah, Joey G.G. knows all that about shiny carbon, and he also knows how to grade both diamonds and colored stones. I took that up as a hobby.
    In the time of Solomon, those Israelis–I'll give them that period–couldn't separate ruby (DR–doubly refractive) from red spinel (SR). The Black Prince's Ruby in Britain's Imperial State Crown is a spinel.
    While you were trashing diamonds, why didn't you denounce Cecil Rhodes–and Oxford?
    Philip, you're some of my best fun here.
    Sempre, et toujours.

    October 6, 2011 at 10:44 am | Report abuse |
  10. Joey Isotta-Fraschini

    Donna, isn't everybody somewhat greedy? I don't claim that I'm not. I'm also dangerously generous.
    @ Philip:
    Don't forget that we shook virtual hands on a Philip-JIF Pax.
    (After you were unable to shut me up.)
    Love Colorado.

    October 6, 2011 at 10:56 am | Report abuse |
  11. Joey Isotta-Fraschini

    @ Philip, cont.;
    BTW, mon bon ami, re the President's hand on a Bible (even Lincoln's), you are surely aware that if Americans had a tradition of having their president take the oath of office on a Snoopy mug, it wouldn't empower the Snoopy mug to bark.

    October 6, 2011 at 11:16 am | Report abuse |
  12. leeintulsa

    I'm blaming bank of america. The ones who did it? Ya know?

    October 6, 2011 at 12:07 pm | Report abuse |
  13. Jj

    bans yes barney frank did start all of this. you wont learn this from the liberal media. they dont want you to be correctly informed. sorry but look it up mama

    October 6, 2011 at 12:15 pm | Report abuse |
  14. Bill

    This is just the tip of an iceberg....it's the new American "business model" fueled by pure greed, lack of morals or ethics and condoned by those folks who keep telling average Americans no taxes on the ultra rich or letting the gravy train concessions to oil companies expire! Bank bailouts were another bogus sell job on the American people...like our hopeless futile involvement in Iraq and Afganistan. This has to be the most gullible place on earth! No wonder there's demonstrations on Wall Street, etc!

    October 6, 2011 at 12:32 pm | Report abuse |
  15. @Joey

    I notice that you intentionally ignored DeBeers starting-out as a NAZI enterprise. Germany sent scientists all over the world searching for proof of other 'Aryan' peoples. When they first went to Africa, they found natives sweeping surface diamonds into big piles preparing a field for crops. That's the day that the diamond cartel was born. And they did in fact hook-up with some very powerful American businessmen and formed a corporation to escape war tribunals, just as nazi finaciers and rocket scientists who joined American enterprises and escaped warcrime tribunals. Even nazi chemists and pharmacists went to work for American enterprises and shared their higher-tech science and druggery with US. Werner von Braun is known as "the father of NASA"...ever wonder who the 'father' of modern-day American pharmakia is? Ever notice how your avg. German citizen thinks kinda slow?.. and according to America's report cards, so do we as a peoples. (Solomon didn't use diamonds because diamonds are not rare, Joey) 🙂

    October 6, 2011 at 12:33 pm | Report abuse |
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