Bank of America would pay $410 million to settle its piece of a broad lawsuit involving excessive overdraft fees on debit cards in a deal tentatively approved by a federal judge in Miami on Monday.
The legal action against Bank of America is part of a class-action lawsuit on behalf of consumers. It accuses the nation’s banks of manipulating debit transactions to maximize the fees they could charge customers who exceeded the balance in their accounts.
Bank of America was the first defendant to settle in the case, said Robert Gilbert, one of the plaintiff lawyers. There are roughly 30 remaining defendants, including JPMorgan Chase, Wells Fargo, U.S. Bank, and Citibank, he said.
http://www.nytimes.com/2011/05/24/busin … ;st=Search
"Justice" is meted out equivalent to ones ability to pay for it.
They are just sandbagging for the statute of limitations to expire. (Ever wonder why the previous Treasury Secratary is living in a country with no extradition treaty with America?) It's a huge scam, wholesale fraud. At the root of the crisis was lying about the existance of money, lending money that did not ever exist, and...
I could go on all day. Let me summize, any crime that involves more than a million dollars should carry the death penalty. Because, a million represents more than a normal person's net worth. Stealing that much is just like murder.
Trying to pick through the gross atrocities the Banking Institutions have leveled on us is like picking at a big ball of S*#T. No matter where you start it all smells the same.
The overcharges by choice have been taking place for years and just one more immoral act perpetrated by the banks of this country.
But I would be remiss in not mentioning that it goes back many years where it all began with Warburg, Aldrich and Wilson. The three amigos who began the great fleecing of America with the Federal Reserve.
Bank of America settled for way less than they fleeced from their customers. They should have to pay it all back. plus a fine in the amount of the fleecing. That should discourage banks from trying to rip off its customers in the future
That you mean that they owe me somehow? Of course I have an account.
Losing a civil lawsuit like this isn't the same as being convicted in a criminal case. I don't know, but it would seem like an Attorney General could take the results of this case and use it to get specific indictments for criminal proceedings.
If All the big company 'criminals'were to go to prison there would be one heck of a population explosion in our jails. There's not enough cells for them all. More crime happens in the suites than we have on the streets. If we knew it all, it would be mind boggling.
Lenny Bruce was right!
"In the Halls of Justice, the only Justice is in the Halls."
Too many inmates. Too many unqualified people to take the positions that would become available, possibly killing all business(Economy).
It's believable. Slap them with fines and let them off. It's just another sign of what is to come. Not surprising...
Get popped with a little dope and you go to jail, rip off millions of dallars from millions of people - and you probably get a raise.
America died long ago, we've hooked the corpse up to electricity to make it dance around a bit longer, but it's a corpse just the same.
Yes, the War on (middle class and below) Men has been won. It began with those Drunk Driving laws twenty years ago and concluded with the Openly Gay military. They went and criminalized everything a red-blooded, meat-eating thing a man might want to do. Like, drive home from a bar after six beers, or have an ounce of weed handy for after work, or keep a gun in the glove box, or smoke a cigarette in public, or grab a woman on the ass, or...
That's why 5% of America's adult male population is in prison now!
Phase II has begun, the War on (middle class and below) Women.
It's not that I actually "like" the things you say, it's just that I know EXACTLY what you mean. . . .
Won? You think they are finished?
Oh really, it didn't actually start over 140+ years ago?
This is simply not true.
I'm not sure your percentage is correct, but I will agree that prisons are already overcrowded.
This assault has been going far too long already and hasn't ever stopped.
I think there is a definite war on masculinity. The rich only want masculinity when it serves their profitability, but mostly it does not, mostly it is a threat to the super elites profitability.
Just a distraction tactic by the elite, so as to hide other actions, like the fact that more and more people are lesser educated than ever before. Yet, division is the problem and the elite play that from as many fronts as they can.
Actually, it is profitable for them to play both sides. Either way, they win and their profit margins remain intact.
I can remember when a being a MAN meant being able to hit a canteloupe from a quarter mile away (400 meters, or 440 yaars.)
Bazillionaires hate that.
I also remember (1981) when the NTSB director said, "America will never pass seatbelt laws. It's an affront to our freedom of choice."
And now we can sleep soundly at night, wearing a court-ordered ankle tracking braclet, knowing that gay men wearing berets stand ready to do violence on our behalf. Ha.
This thread almost sums up the whole real situation - all the real crime is committed ON the people who are then set against each other in many different ways, female v male, parents v schools, etc etc., in the contuation of the black v white that was so successful for those high-end criminals.
That the left v right crowd can agree on something like this from their various perspectives - even though it is hard to agree each others reasons - should point clearly to the real culprits in the demolition of society for the benefit of the 'elite'.
This thread reminds me of an article written earlier in the year from Rolling Stone, Why Isn't Wall Street in Jail. It's worth reading the entire article and some of the comments are worth reading also.
http://www.rollingstone.com/politics/ne … l-20110216
This isn't why we are there now is it?
http://uk.reuters.com/article/2011/05/3 … JM20110531
by Credence216 months ago
http://www.cnn.com/2012/08/09/politics/ … n-america/I know that we have beaten this gun issue like a dead horse, but that number is startling. That is almost a gun for every man, woman and child in America.Yet,...
by chipsball3 years ago
Having survived the "Rites of Passage of an African-American Teenager in America" myself as a teenager and having raised four African-Americans teenagers in America I feel so blessed today that none of them...
by ahorseback19 months ago
As he has so eloquently announced lately ,-- If there are disparities in our justice system ,- disparities in WHO perpetrates crimes is more than likely the cause ! Look to the...
by Susie Lehto11 months ago
Attorney General Loretta Lynch must resign.She has broken the sacred trust of the American people.By meeting secretly with former President Bill Clinton – the husband of someone subject to an ongoing Department of...
by danicole2 years ago
Reasons why Ferguson and Eric Garner has to do with race. List below
by Susan Reid3 years ago
I just read about the virtues of the American legal system on another thread.And the inevitable rebuttal that innocent people are imprisoned falsely.I invite you to share here on experiences with our (or your --...
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.