By Anonymous
What do you do if the economy has left you out in the cold and your bank doesn't want to help? It's a question a lot of Americans are facing right now and some of them are dealing with it better than others.
A few weeks ago a customer in a local Bank of America branch near where this story was written gave a poignant commentary to how seriously Main Street is now being impacted by the crisis of high finance that has gripped the mortgage and credit markets. Imagine yourself standing in line behind a regular customer, a familiar face, who was depositing a check. After filling out the deposit ticket and handing the check over, the teller returns with a receipt giving almost a zero balance: almost his entire deposit had been vaporized by overdraft fees, which had accrued only because he was dutifully paying his bills with what little money he had, while waiting for receivables. A construction worker, self-employed, hit hard by the downturn in the economy and struggling to keep his family afloat in a town not so far from me, this scenario actually unfolded right before my eyes. His account was in arrears by no more than a few days, because of checks he had written simply to survive and pay his bills. His bank -- Bank of America -- not only allowed the overdrafts to clear, they hit him with a $35 fee for each and every one of them, wiping out an entire week's worth of income that went straight into Bank of America's coffers to help pay for its awful choices in other areas of their business.













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