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
Popular Stories on Yahoo!:
[20111012 Yahoo Finance BTD A Protest With Your Money]
Yahoo Finance - Bank Transfer Day: A Protest With Your Money
by Brian O'Connell
+++++++++++
“Fish Fish” by Kevin Dayhoff
*****
*****
65° 43° Tomorrow 
64° 47°
