I assume you heard poor Bank of America will be charging monthly fees on debit cards because the mean old government stopped them from stealing our money ($6.6 billion) in transaction fees on the cards.
The government also tried to stop them from making an extra $5.6 billion in overdraft fees. Banks keep looking for ways to rob us.
Do they need all this money to be solvent? Look at recent history. Their greed helped cause the collapse of 2008. This caused us, the taxpayers, to fork over $700 billion to save them.
They have not only been saved — they are now nicely solvent — but they were able to pay back their portion of the $700 billion.
Where did they get all this money? You and me. Higher fees, lower interest earned on savings accounts and higher interest they charge on loans.
It is amazing what we contribute to them in taxes and fees.
Amazingly, many people are upset that the mean government is trying to protect us by preventing this robbery.
Are you one of them?
Martin Walsh lives in Glendale.