Mack Daddy U.S. Government
Partying Like It's 1999!
Over-draft Fee Charges
$40 Billion Annual U.S. Bank Revenue Bonanza
By RM STAFF | December 12, 2012
We the people (their 'clients'), are the whores and the banks are the pimps. Getting bank pimped is a pesky annoyance like a mosquito feasting on your blood. You expect it and might think something was terribly wrong if they weren't feasting off your heart and soul.
The over-draft fee business in 2011 reported earnings of $40 billion and an overwhelming amount of this revenue came from low income individuals. Banks are corrupt users and takers, we know this, though what stings most inside this legal criminality is that many of these low wage customers prefer the option that allows the bank to pay for something even though the person in question is absent of banked funds. The nameless mob then penalize you a nice little whopper: usually around $39.95.
Of course the banks offer plenty of graphs, examples, statistics around the Why of there nefarious fee-jacking. They bring with it a illusionary philosophy and psychology of literature that could fill the Library of Congress. A monument to How & Why of their in-your-face duplicity.
They do what they want because they can. We don't bail them out, they just take what the hell they want. Bailout? How about Sellout?
Chase Manhattan Bank is the wealthiest company/organization in the world...If we could only say, "They're bigger than U.S. Steel."...just for the hell of it...for old times' sake.
The Banking Industry is a whore industry? Does a bear shit in the woods?
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