Ken Lewis - the CEO for Bank of America is retiring with a 68.8 Million dollar “going away” package that will help him take care of his 10 homes and 3 yachts…
This is the same person who made sure that tens of thousands of credit card holders who had never missed a payment, been late or used more than 30% of what was available in their accounts received notices that their low interest rates were going up to 24.99 and 29.99% interest rates - and if they didn’t like it - pay off and close your account…
That’s what the people who did “everything right” got - you can guess what the people who didn’t have perfect accounts got - and the reason many of those people lost their jobs and couldn’t make their payments can all be traced back to the “wonderful” things people like Ken Lewis have done for us…
Last year 7.8 BILLION dollars was collected in overdraft fees on checking accounts, another scam the banks enjoy running – one Bank of America customer overdrew his account by a few dollars, which started a chain reaction that cost him TEN $38 dollar overdraft fees – a total of $380 – another “gift” - courtesy of Ken Lewis…
What’s amazing is, Bank of America received Billions of dollars in TARP money which was supposed to be used to “help” people, but instead, the bank used the money to do things like buy up smaller banks, pay off their own debts and make investments…
Thanks to Ken Lewis (and people like him) there are now millions of people who are out of work, can’t afford medicines, groceries and other living expenses… While he lives like a king in a castle – instead of where he should be living – in a federal penetentiary…