Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
Journalist @baltimoresun writer artist runner #amwriting Md Troopers Assoc #20 & Westminster Md Fire Dept Chaplain PIO #partylikeajournalist

Thursday, October 20, 2011

Yahoo Finance - Bank Transfer Day: A Protest With Your Money by Brian O'Connell

Bank Transfer Day: A Protest With Your Money
by Brian O'Connell Wednesday, October 12, 2011


Occupy Wall Street has dominated headlines for the past few weeks, with advocates and critics jaw-boning over whether it was government or Wall Street that fueled the financial crisis (here's a vote for both).


On the movement's Facebook page, protest organizers say that, even with new government regulations in place to keep banks in check, they're still making out like bandits. For example:

With the Durbin Amendment in effect, banks will still make 19 cents profit per processed transaction.

The average consumer uses his or her debit card 24 times per month.

Without the additional fee, Bank of America stands to turn a $3.3 billion annual profit from its 59 million customers' debit card transactions.

Here's an explanation from the organizers of Bank Transfer Day, straight from the group's Facebook page


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[20111012 Yahoo Finance BTD A Protest With Your Money]

Yahoo Finance - Bank Transfer Day: A Protest With Your Money by Brian O'Connell

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1 comment:

  1. Occupy Wall Street has dominated headlines for the past few weeks, with advocates and critics jaw-boning over whether it was government or Wall Street that fueled the financial crisis nse bse india

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