#129 b of a raising fees as max predicted

#129 b of a raising fees as max predicted

EMAIL TO MAX@MAXKEISER.COM WEDNESDAY, 02/16/2011:

From: michaelsam2@comcast.net
Subject: b of a raising fees on customers w multiple accounts including credit lines...
Date: February 16, 2011 10:25:14 AM EST
To: max@maxkeiser.com

PART OF EMAIL:

Claiming that there was an error in possibly 150,000 accounts, that many letters were sent out.

When B of A bought out Fleet several years ago, it continued to waive fees for those with equity credit lines by showing them above a minimum for all accounts by adding a line to the list of qualifying accounts and their balances. The line was for "ANNUITY (CREDIT)" and was possibly the only bookkeeping entry they had to make sure fees were waived for these loyal customers that did all their banking at B of A, including equity credit lines.

Now they claim the "annuity" entry was an error implying all these accounts didn't have annuities, which they never did, but were tagged as accounts with annuities. They want more fees on all checking and savings accounts unless certain unless certain minimums are met or, in some cases, direct deposit is used monthly.

Looks like what you said is true about banks making up for losses and/or for more profits by squeezing customers with new and more fees.

REFER TO: http://maxkeiser.com/2011/01/05/sgk-suicical-global-kleptocracy-banks-react-to-new-rules-by-replacing-old-fees-with-new-ones/

SGK (Suicidal Global Kleptocracy): Banks React To New Rules — By Replacing Old Fees With New Ones
January 5th, 2011 by maxkeiser
Banks Considering New Fees On Cards And Checking Accounts
Henry Blodget: GREAT NEWS: Banks Cooking Up New Ways To Screw You