America has a new hero, 22 year old Molly Katchpole, struggling to make ends meet like a lot of people these days, canceled her account with Bank Of America & cut up her credit card when she heard B of A’s plan to impose a $5 dollar monthly fee just to use the bank’s debit card. Let’s see, didn’t we taxpayers bail out all the banks back in 2008 when the whole financial world was on the verge of collapse because of shady practices by Wall Street & the banks, fraudulent documents, and government regulations where literally anyone who could walk & talk could get a mortgage and the banks couldn’t wait to sign you up. Now 3rd quarter results are in for Bank of America reporting total revenue of $28.7 billion dollars, with net income of $6.2 billion dollars after losing $7.3 billion dollars in Q3 of last year. Bank of America did lose $1.1 billion dollars in its home loans division, but they wanted their customers to generate even more profit with a $5 monthly fee, until Molly came along. Watch the video to see what happened!
| Nov. 2, 2011 at 3:12 a.m.