text: why are banks bad? if you watch those ditech commercials, you would come to that conclusion.  do you agree with those commericals? even though i have had a bad experience(the bank misrespresented credit file) doesn't mean all of them are bad right. i won't mention the bank because that would be rude(ex. suntrust, heh).  if banks are not bad, why do we have finance, title and "payday loans" companies who overcharge people? "bad" is relative and subjective; different for every person; a perception.  the federal reserve act is the tail that wags the dog, and is unconstitutional. the federal reserve is a private institution, run by a few very powerful men, that decide the fate of our economy.  is that bad? i would say so. not what our forefathers intended. you're complaining about nickels and dimes. the whole thing is a scam.