Mr. Speaker, I will explain why I say that the uncompetitive piece is not accurate. I will use my own example from yesterday.
I was at a bank that was not my own bank. I am not trying to brag, but I had been at the office and doing a little banking for my office account. It is a long story. I use a different bank than I do for my personal banking.
I was having a Super Bowl gathering at my house and I needed $200. I could have done one of four things. I could have got the money from this bank while I was doing the banking. I was in a mall, so I could have walked across the mall to a different bank that charges $1.50 instead of $2 a transaction. I could have got in my car and gone across the road and got it for free at my own bank. I also could have gone to the convenience store beside the place where I was getting the wings and use a white machine, because it has a white machine there, for which I would have probably paid $3. There were four choices available to me, all within two or three minutes of each other. My decision to do it there was made out of convenience. It cost me 1%, and that was worth my time.
I do not think our system is uncompetitive. What we need to do is have people think about it and make decisions. When my younger kids go out, instead of waiting to get their cash at the white machine at the local pub, they go to their own branch and get it for free, and that is what they should be doing.