Fiscal Annoyance

Posted: April 5, 2010 in Community

“U.S. banks are projected to collect over $38.5 billion in overdraft fees for 2009, nearly double compared to 2000.”

How is it that in this time of recession when we’re all pinching pennies, the banks are making more money than ever on fees and penalties?  Didn’t we just bail out these same banks?

Tim is annoyed today.

[update – if you want to get more annoyed just read this]

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Comments
  1. I’ve noticed that many of mine no longer wait a month to add interest. I have to pay it online almost as soon as I get the bill to avoid penalties. I’ve always paid my credit cards without penalties until now. It is really hard to beat the system, and makes one wish we could go back to paying everything by check.

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