Here is the profits Banks have made in the last 3 years from Bank Fee’s only as reported on the news this morning.
2007 – 17 Billion
2008 – 24 Billion
2009 – 43.6 Billion (so far as the year hasnt finished.)
Excerts from “Simply Fantastic: Living Better On Less”
Banks
I hate banks, They do nothing positive for anybody except
take care of themselves. They’re first in with their fees and first
out when there’s trouble.”
—Earl Warren (1891–1974) 14th Chief Justice of the
United States and Governor of California
Thomas Jefferson said in 1816, “If the American people
ever allow private banks to control the issue of their currency,
first by inflation and then by deflation, the banks and corporations
that will grow up around them will deprive the people of
all property until their children wake up homeless on the continent
their fathers conquered.”
Banks are not my favorite institution. They certainly
do not exist to help the needy, that’s for sure. Banks
over charge for their services, unless you have heaps of
money and you are a customer they do not want to lose
because of your money. Their fees are ridiculous and
they charge the not-so-rich like a wounded bull. They
have the cheek to call it a “service” fee. It’s more like
legalized theft.
