[serverholic]

The important part is the network itself. Bank of America is free to build on top of the network but by doing so it enters into competition with the rest of the network.

You don't need them for a bank account so if you don't like their services then you can take your funds elsewhere. In my opinion this is a critical piece of what is missing in our current society. These corporations and government agencies have become too entrenched and too big to fail. We need to inject competition back into the system.