Just this morning, I was looking at my bank statement, and thinking - hmm, it's weird how I don't seem to be in the red as much any more with my Bank of America account.
In the past, if I went a little under, I was dinked for overdraft charges, and all kinds of mystery fees, which sank my account even further into the red. MOST of the time this appeared to be highway robbery on the part of B of A, and I often railed against the bank for their unfair practices.
Well, what do you know - a short while ago, the New York Times reports Bank of America is reporting a 7.3 billion dollar loss in the past quarter... citing.... "On a non-cash basis for the quarter, the bank reported a loss of $7.3 billion because of a $10.4 billion write-down in the value of its credit card unit, attributed to federal regulations that limit debit fees and other charges"
B of A has been MILKING Americans out of Billions.
For this, I THANK Barak Obama for standing up for the little guy. (however can big banks survive without STEALING from the masses?)
Marc
In the past, if I went a little under, I was dinked for overdraft charges, and all kinds of mystery fees, which sank my account even further into the red. MOST of the time this appeared to be highway robbery on the part of B of A, and I often railed against the bank for their unfair practices.
Well, what do you know - a short while ago, the New York Times reports Bank of America is reporting a 7.3 billion dollar loss in the past quarter... citing.... "On a non-cash basis for the quarter, the bank reported a loss of $7.3 billion because of a $10.4 billion write-down in the value of its credit card unit, attributed to federal regulations that limit debit fees and other charges"
B of A has been MILKING Americans out of Billions.
For this, I THANK Barak Obama for standing up for the little guy. (however can big banks survive without STEALING from the masses?)
Marc