Try to follow the money trail. Bank nickel and dimes customers with ATM fees, bogus late charges, sky high interest rates. Bank then takes that money and after putting some in the pockets of politicians (financial services are among the highest campaign contributors) then puts a few million in each pocket of the bank's officers, then decides to make lousy investments in mortgages, CDO's, etc and loses billions.
So then what happens? Bank CEO calls up politicians (former classmates and co-workers in most cases) and says, "Uh, yeah, can you send us over a couple billion dollars?" No problem. Tax 'em all.
Anybody get the feeling they're being scammed?
Here's an article from the NY Times
http://www.nytimes.com/2008/07/05/business/05cards.html?partner=permalink&exprod=permalink
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