Is anyone out there? Aren't you floored by what our government has been allowing banks to do? What about government protecting the "little man?" After my rant about overdraft fees (see my last post) I have Googled and Yahooed, etc. and found lots of chatter about this...

From CNNMoney: (http://tinyurl.com/mlonw5) "Overdraft uproar. A report last month from Moebs Services said U.S. banks will collect a record $38.5 billion in overdraft fees this year, with nearly all the revenue paid by just 10% of customers. The windfall is nearly double the $19.9 billion collected in 2000, as overdraft fees tick higher despite the recession.

The Moebs report said the national median overdraft fee rose to $26 from $25 in 2008, while larger Wall Street banks charge a median of $35."

Now, in articles it talks about how Bank of America and JP Morgan are reducing fees. Wow! Aren't they great guys?! The idea that the underserved population has been duped into using check cards that don't bounce, only to be charged $35 for buying $20 worth of groceries is appalling.

I noticed that Bank of America is now saying you can "opt-out" of the ability to buy stuff with no money in your account. Opt-Out? Don't you think it should be to "Opt-IN" to this ability. They know that most people won't even know they can "Opt-Out" to getting hammered with overdraft charges.

Come-on America... if government will not regulate these predatory practices, can we trust that they will control health care costs? Sure we can!