Tag Archives: Bank of America

Five ways banks rip you off

Careless consumers share the blame for forking over $24 billion to banks in overdraft fees last year, but, as the NY Times points out, bank policies encourage these penalties. (If you have over drafted with Wachovia/Wells Fargo, call customer service and ask them to waive your fees.) Since 45% of U.S. banks rely on these […]

The looting continues

Remember that money we gave to Citi and Bank of America so that they could start lending again? Turns out, instead of lending, they are using it to buy up more toxic assets, so they can reap the benefits of the Obama/Geithner auction (giveaway) plan I mentioned on Tuesday. From the NY Post (@ Naked […]

Giving the power to Wall Street

The Obama administration, like the Bush administration before it, believes in the necessity of financial monsters like Citi, Bank of America and AIG. The proof is in their approach to fixing the credit and banking crisis. On Friday, the details of Treasury Secretary Geithner’s plan to save the banking system were leaked. As others, like […]