Thoughts
Consumer Protection on Main Street
Submitted by Barbara Horne on Fri, 11/13/2009 - 13:08
According to the Chicago Sun Time's article "You can opt out of overdraft fees" customers will be able avoid overdraft fees even if they do not sign up for overdraft protection. Though this is a milestone for the consumer it begs the question how will banks make up for $38 billion in revenue from those fees?
What will be cut?
Or, what new "services" will be created?
Where's the money coming from...
Submitted by Barbara Horne on Thu, 08/06/2009 - 23:32
REUTERS: AIG posts first profit in seven quarters (click here)
Where is the money coming from? How much from Accounting magic, How much from the sales of Products and Services? How much from the sale of Products and Services that don't put society at Risk?
Villainizing AIG's Edward Liddy May Have Cost Us Billions (click here)