Corona virus a boon to American Banks.
Consumers paid $34.3 billion in overdraft fees during 2017 compared to $33.3 billion in 2016, The New York Post reported. Despite the increase, consumers aren't, in fact, overdrawing their accounts. Mar 28, 2018 "Flash forward to 2020... Corona virus caused even disney to close... With that loss of EMPLOYEE loss of income will mean OVERDRAFT FEES to millions of American and others....Hence Banks will gain an estimated 48 Billion dollars from overdraft fees alone in 2020 thanks to this flu... Who do they take this money from? Low and mid income America" Ben Judea As Thomas Jefferson once said, "Banks are worse than an enemy army across the river" The American Banking system that includes the federal Reserve don't want a prosperous american populace... Why? Consider the fact that an analysis found: Large banks reported charging consumers $11.45 billion in overdraft and NSF fee revenue in 2017, up $10 million from the 2016 total and up 2%...