Bank of America bought CountryWide. CountryWide loses money. Bank of America needs to make that money up, so B of A raises fees on checking accounts and credit cards.

Ain't nothing free. Someone ends up paying! Government programs have to be paid for with tax revenues, and tax revenues come from tax payers. So, in order to bail ourselves out this year we will pay more in years to come.


I think the Pay Day Loan model is now morphing to international proportions.