I am tempted to say that our banks just won’t learn any lessons, but the truth is they simply don’t care.

Financial CrisisI just read an article  that spoke about how US banks are poised to make 38.5 billion dollars on customer overdraft fees this year.

 

Considering that the citizens of the US own significant portions of these banks, and that the US citizenry bailed them out of their greed driven debacle just a while back, it is hard to believe the profits that they are about to BANK on the backs of their own new stakeholders.

Oh well, nothing much has changed. The banks are still clueless. They pursue profits at any cost, pay executives and associates obscene bonus monies while the rest of the country wallows in recession and shrieking unemployment. And, we all know —they save NOTHING for a rainy day.

Next time, and there will be a next time. Not a dime of tax payers