Originally Posted by
MileageAddict
Bank of America took $336 billion in bailouts in 2009, but in 2010, flush with $4.4 billion in profits. How did Bank of America not pay any taxes on $4.4 billion in income? What's worse, they reported a tax “benefit” of nearly $1 billion. That's MY money they received in rebates. That's YOUR money.
They are crooks, all of them. We bail the thieves out, and they repay us by giving themselves millions in bonuses, paying no taxes, cutting thousands and thousands of jobs to further injure the economy, and then charge us a debit "fee" to boot?
Deal breaker for me.
This is what those Occupy Wall Street protests are all about. It's about the fleecing of America by Wall Street and Bank of America is an example of this - there are other good candidates as well - Bank of America is not alone. It will continue until the people, en mass, demand changes, etc.
Anyone who thinks a $5 debit fee per month is acceptable is a moron. You can get a no fee VISA card and make electronic payments from your bank account and accomplish the same thing.
Frankly, this is either a really poor thought out plan by Bank of America OR it's part of a master plan to purge those accounts that they make little money on and don't want anymore.
Then again, it won't affect me. I don't usually use the debit feature because the loss protections are way less than they are on credit cards....