Let’s see ... how was it the Fox News Channel anchor phrased it? Oh yeah. Here we go: “Bank of America is going to penalize some of its customers by charging them a fee for their checking accounts.”
“Penalize?” Really? and just how are they going to do this? Do you mean these dastardly banks are going to charge these customers a fee for their checking account if they don’t maintain a high enough balance or use some other banking service? How horrible! Burn these banks to the ground!
Amazing, isn’t it! The language of the anti-capitalist left is even making its way onto the teleprompters of the evil right wing extremists of Fox News. In todays parlance a bank doesn’t charge a consumer for a product; the bank “penalizes” the customer. It’s not a fee for service, it’s a penalty. Incredible.
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And the occupy protesters were wrong because.....?
last time i checked, banks were for profit businesses...
Sounds to me like a person is being penalized if they don't keep enough money in their accounts.a fee is a flat set price for services.
Just the bank if Americas way to keep as much money on record to be able to say hey we are doing OK. In all reality the new rule is to gain money because they are struggling to keep afloat. Just like when the states raise taxes
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