Banks Earn Ghoulish $38 Billion From Overdraft Fees in Recession
August 10, 2009
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3 Responses to “Banks Earn Ghoulish $38 Billion From Overdraft Fees in Recession”
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[...] Banks earn $38 billion from overdraft fees in recession - Chattahbox.com [...]
This is just another way for the rich to feed off the poor.
Shame on them
What’s really troubling is that these overdraft fees are affecting the people who can least afford it. Its not the upper class or even the middle class. 90% of the fees, come from 10% of the accounts.
As soon as our goverment cuts down on one angle the banks got going, their just going to get their money somewhere else.
I wrote a blog about the overdraft fees as well, check it out at http://www.thedebtgazette.com/2009/08/banks-make-38-billion-in-overdraft-fees/