Gov't Banks Ding Their Best Customers

In the wake of tough new regulations prohibiting undisclosed fees, sudden rate hikes, and the general usury that has been the credit card industry's stock in trade over the past 30 years, banks are now scrambling to find a way to offset the loss of their immoral plunder (I know, me getting preachy about morality, right?).

Well, for Bank of America and Citigroup (the nation's two largest government-owned banks) the solution was simple. Taking a page out of the government playbook, the banks have decided to attack their worthiest customers.

Customers of these two banks who have the audacity to pay their credit card balance in full each month will now be subjected to a fee for doing so. A new annual fee of $29-$99 may be attached to the accounts of those customers who just aren't doing their part to gin up the profits of these socialized megaliths.

It gets even better. Those customers with the highest credit scores may just have to grin and bear it, because closing a long-standing credit account has an adverse effect on an individual's credit score.

I guess it stands to reason that if you're going to let the government bail you out, you might as well start running your company in a like manner. Forget about the deadbeats running up their cards on multiple big screen TVs and then changing their phone number when the bill comes due. Go after the folks who will never default on you and give them the raping they've been missing all these years by being responsible consumers.

Kinda reminds me of the progressive income tax.