Billion Dollar Bank Of America Needs Chump Change
It was only four short years ago when the United States government used taxpayer’s money to pay out $45 million to rescue Bank of America from going out of business. Since that time, the bank has been embroiled in numerous investigations for fraudulent banking practices ranging from foreign-exchange to mortgages and paid millions in litigation. Now, the second-largest bank in this country in terms of assets needs to weasel $4.95 out of people who are barely making it in this economy and desperate to get a checking account. Is this a mere sign of penny-pinching banking practices or a symptom of something bigger going on like a small pimple that turns out to be cancerous. There is something not quite right here.