[lbo-talk] Fwd: Racist Bank of America

[Wojciech Sokolowski]

>  > Take a look at that list of states again: the states where this fee
>  > is charged average more than 21% Latino populations, while the
>  > states where Bank of America does business that do not have the fee
>  > average 15%. It gets a lot worse when you leave out California,
>  > which has strong consumer protection laws and would never tolerate
>  > such a fee--then the average is less than 7% Latino population in
>  > states where the fee is not charged.

It seems that the charges of racism are a hyperbole, to say the least,
especially in the view of the above quote.  BofA does what it can get
away with (i.e. "what market can bear") just as every other business
does. It can get away with milking customers in states with weak
consumer protection laws, so it milks customers where it can.  Plain and
simple.  

Wojtek