Banks+&+Banking-AM+Period

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Definition: something that is meant to be misleading or distracting

Example: Obama's $165 million distribution into employees' bonuses is a distraction from the $787 billion needed for economic recovery and $700 billion needed for broken financial institutions.

Microcosms:

Definition: community, place, or situation regarded as encapsulating in miniature the characteristic features of something much larger

Example: Molly Katchpole, D.C. resident, launched a petition to refute against the new bank fees of Bank of America. Katchpole's petition had over 300,000 signatures, making it the largest consumer campaign ever. Bank of America evidently abandoned the fee due to Katchpole's protest.

====When you go to a bank to get a checking account you must read the required disclosure documents and not just sign. They can consist of a lot of pages or they will hide the penalty and fee information so that customers cannot easily find it.It similar to when you are on a website and it says "I agree" but you never read them. It has now become important to read all documents before signing or you can be faced with a lot of fees.====

====People are going to Walmart and other places to get cards know as “prepaid” or “reloadable” cards, this has a Visa or MasterCard logo and works a lot like a debit card. You can use it anywhere the accepts Visa and MasterCards. This is a way to avoid the cost of baking fees.====


 * Bank Of America
 * Chase

They all claim that regulation is forcing them to do it. I believe that this is a way for them to take what little Americans do have. They know for the most part people are writing checks or swiping their card.Knowing that the money is not their but need to pay bills. They average American is just trying to make it.

If you have any questions or comments please comment on this page. We will try to answer all questions to the best of our knowledge after our research on Banks & Banking Microcosms.