It was reported last week that US banks have made a considerable sum charging fees for certain transactions of their customers. Such fees include those for paying for an overdraft on account; using an ATM machine for cash as on overdraw, and other retail services(normal, everyday clients).
The amount: $33.3 billion. $33,300,000,000. Yes, 3 threes followed by 8 zeros. Count 'em. Most of this money was sucked right out of people's pockets. Some clients don't even realize it's gone. Others are only perplexed. But the banks know how people react to these fees because they can analyze mega data and adjust the algorithms to extract just the right amount. Bank regulators don't seem to concerned for retail clients. Consumer groups appear to be asleep at the wheel; and small business sees their sales figures decline(along with all other major retail outlets).
So, the banking " business" is really, bad for business as it continues to suck money out of circulation and send it to Wall Street.
Mr. Trump: get to work and fix this financial shakedown of the citizenry. Oh, while you're at it, dump some of the Goldman Sachs operatives on your staff. For the good of the republic.
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