There seems to be some outrage today at the news that Goldman Sachs has received 200 doses of the vaccine for H1N1 while so many high risk people cannot get it.  In fact, Lennox, a hospital in Manhattan, only received 200 doses.  The difference is that Goldman Sachs is full of 1%’ers with the best health care while Lennox is full of at-risk sick people.

Fannie Mae is finally getting around to something that should have been done long ago.  Now, rather than booting someone that didn’t pay their mortgage out onto the streets, Fannie Mae has a new leasing program in place.

The Dow had a 156-rally and then lost it yesterday.  Gold surged to $1,092.20 per ounce!

Cities are setting up programs to help the “un-banked” — folks without bank accounts.

Legislators are looking to fix the massive $36 billion dollar NSF / Overdraft fee problem.

Matthew Miller of San Pedro, California thought that he had more than enough money in his account to cover his spending.

Read the rest of Matthew’s story at Huffington Post.

I started this site after growing frustrated with outrageous overdraft fees.  Here is my story:

My previous bank was a regional one that grew from acquisitions.  Due to my agreement with them, I offered to not follow-up with my media contacts if they returned my money.  Although Bank News Now is not the media, I think it is close enough and I would be dishonoring my word by naming them.

One day I went to the ATM knowing I had a lot of money in one account and not much in the other.  Although I had both a business and personal account, the check cards were exactly the same except for the business name being printed on with the additional of the word “business” in a small 7 or 8pt font.

I stuck my card into the machine and tried to take out $400.  The ATM had a limit of $300 so I took that out, put my card back into my wallet and then remembered that I had to make a second transaction to get more out.  I thought I pulled out the same card but I didn’t.  I put it in, punched in what I wanted and money spit out.