Absolutely disgusting: $38.5B for U.S. banks in overdraft fees in 2009

now, let's see the breakdown on service fees including atm fees...

US banks stand to collect a record $38.5bn in fees for customer overdrafts this year, with the bulk of the revenue coming from the most financially stretched consumers amid the deepest recession since the 1930s, according to research. The fees are nearly double those reported in 2000.

The finding is likely to increase public hostility towards the financial sector, which has been under political pressure to ease the burden on consumers by increasing credit availability and lending more fairly after being bailed out by taxpayers.

god, i am so-o-o-ooo deathly sick and tired of stories about how much we're being ripped off by banks, how they're pretty much outright stealing from us, and then when they start scraping the bottom of the barrel, they up their fees, and go begging to congress who gives them still more of our money... and as i'm typing this, i'm watching an american express commercial that's pushing how amex is gung-ho behind the "reinvention of american business"... gag me with a spoon...

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