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Showing blog posts tagged with Bank of America

Citigroup’s Ex-CEO Reverses Big Bank Stance

In a surprising change of heart, the ex-CEO of Citigroup, Sandy Weill, backed off his former position that there is nothing wrong with Big Banks.

Politico reports:

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Consumers Say Bye-Bye to Big Banks

When Big Banks nickel and dime you with fees on just about everything from checking accounts to ATMs to debit cards, they turn those nickels and dimes into billions of profits.

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Bank of America’s Unconscionable Debit Card Fee Grab

The Big Banks still don’t get it. Bank of America recently announced that it will start charging its customers $5 per month to use their debit cards. Wells Fargo and JPMorgan Chase are considering similar fees on their customers.

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Tell Corporate Tax Dodgers: Pay Up!

As part of the Tax Day: Make Them Pay mobilization, the AFL-CIO community affiliate Working America is urging people to tell Congress to close the corporate tax loopholes that allow companies like ExxonMobil to rake in $19 billion in profits in 2009 and yet pay no federal income taxes—and instead, get a $156 million rebate from the Internal Revenue Service (IRS). You can tell these corporate tax scofflaws to pay up—click here.

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’60 Minutes’ Shills for Corporate Tax Breaks

Corporate taxes–or more succinctly corporate tax avoidance–has grabbed some big headlines recently starting with The New York Times report that GE, with worldwide profits of $14.2 billion, didn’t pay a dime of U.S. tax in 2010, but got $3.2 billion tax benefit. All legit and all because of corporate tax loopholes companies like GE have lobbied hard to put in place.

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