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Bank Of America Drops $5 Debit Card Fee

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 01 Nov 11 7:38 PM | 39 view(s)
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Msg. 36014 of 45651
Jump:

And who said , we the people/anonymous, didn't have any power haaaaaaaaaaaaaaa

As expected, following the complete failure of banks to institute an extortion cartel on debit account fees after two already defected, it was only a matter of time before Bank of America withdrew as well. Sure enough:

BofA Drops Plan for $5 Debit Fee, Spokesman Says

Now, while this is great news for whatever deposits BAC has left (substantially lower than what it had at September 30, that's for sure), it doesn't answer the question - just how will the bank make money?

http://www.zerohedge.com/news/bank-america-drops-5-debit-card-fee?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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