Thursday, September 29, 2011

Bank of America to charge $5 for debit card use.

Non of this should be a surprise, but it should make you angry. BOA has lost billions of dollars through their own stupid arrogance and now will charge their debit card users $5.00 (see this article) to make purchases. Banks have no physical products they make money on "Other Peoples Money" (OPM). So ,in essence, banks are parasites. Think about that when the bank takes your money.

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