Bank of America–shining example of corporate greed

The Bank of America announcement that it will start charging customers a fee to use the ATM is just the latest appalling example of its corporate greed.

Bank of America received over $20 BILLION dollars in the bailout.

Yet, it is laying off 30-40 thousand workers, while CEO Ken Lewis earned $25 million last year.

And get this:  they pay little or no federal taxes!

According to

Bank of America posted a pre-tax loss of $5.4 billion in the U.S. in 2010.

Bank of America claims to have 311 overseas subsidiaries.  115 of these are listed in districts that qualify as tax havens.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Create a free website or blog at

%d bloggers like this: