an out of body experience and when asked about his heroic actions he said that's what i was raised to do people need help you help good and you better go back up bank of america bank of america is find introduced a new monthly fee for customers who have checking accounts unless they agree to bank on line buy more products or maintain certain balances in their accounts the new line of fees would range from between nine and twenty five dollars a month because of risk avoid the fees by maintaining minimum balances using a credit card or taking out a mortgage with the bank bank of america executives are now trying to attach a fee to anything they can to make a buck off the american people are taking their customers hostage in the process and the very very ugly chief judge richard siebel siebel at george w. bush court appointee to the federal district court in montana forwarded a racist joke email suggesting president obama's mother had sex with a dog siebold tried to explain why he sent the e-mail but it's really a pretty feeble excuse to say you did it not because he's a racist but because he despises the president now anybody who comes before judge siebel with any sort of disc

bank of america's strategy makes sense. he's richard bove, veteran banking analyst at rochdale securities. >> hi, rich. >> hi, suze. >> susie: most people think of bank of america, and think housing prices and foreclosure prices. and investors think it's a little too soon for bank of america to move into new areas until they resolve their issues otd homefront. you think this is the right time for bank of america to go international. tell us why? >> because first off, i think that the housing problems are starting to abate for bank of america. and i think their legal issues are also starting to come under control which means i think the company can notice start to focus on where it's going to get the growth in the business. i think once they think about that, they're going to realize that in the united states, they've probably maximized their market share geographically and product-wise, and therefore going overseas makes a great deal of sense, particularly since they own merrill lynch which is a strong international branch. >> susie: you see merrill lynch as the driving force here? >> absolutely. with the traditional bank of america, it's going to provide a ver

bank of america to walk a mile in our shoes. >> reporter: today women occupy staged a walk from the square at inner harbor to the bank of america building. >> bank of america as of june 2010 had over 88 billion dollars this foreclosures. they are the number one targetter of women for foreclosures, number one . that is just not accept able. >> reporter: according to the website protesters encouraged to mobilize with direct nonviolent action with the main goal of disrupting business as usual at a bank of america branch. >> so many people have been foreclosed on. they don't know what that's like. they don't know what that is like. if they could just take one minute and think about what it would be like to have your home taken from you. >> reporter: as the protesters chanted in the lobby of the building a guard locked the doors and customers were turned away. the building's security called the police and a bank eventually closed for business. the protesters and i asked to leave. >> they have arrested --. >> ma'am you have been told to leave. >> --. >> it's private property. >> orderly line, do whatever you want >> reporter: they left feeling they le

of the reasons i am (inaudible). >> you said you were against the bank bailout. would you let citigroup and bank of america. bank of america branch in every main street in the united states. would you have let these companies collapse? >> i would have let them go through a bankruptcy process. the bankruptcy process may have been a liquidation, may have been reorganization. but again i come from southweste southwestern pennsylvania. we let the steel company go. we let it go. >> i am not degrading their loss but citibank and bank of america have a trillion dollars of deposits that the u.s. government insures. where are we going to find the money? >> we go through the process as you would in any kind of structured bankruptcy. we set the wrong template when we bailed out one bank and not the next, or investment house and not the next. everybody froze because they believed the federal government was going to come in. we made miss step after miss step. in the santorum presidency we wouldn't have bailed out bare stearns and lehman brothers and the market would have responded accordingly. you are looking at actions based on action

bank of america. look how many checking accounts have fees right now. in 2011, 55% of checking accounts had fees. compare that to 2009. so what you really see happening, not just bank of america are these banksrying to make up for the loss of money because of those new regulations and it's not just a bank of america thing. it's an industrywide thing going on. >> and a real quick check of the markets, how are they doing today? >> we're in the green. dow is up 51 points. nasdaq is up 24. first-time claims for unemployment benefits are staying at the 400,000 level. they are focusing on the positive today. suzanne? >> good news. thank you, alison, appreciate it. cnn is continuing right now with zoraida. good to see you. >> hello. it's 1:00 on the east coast and 10:00 on the east coast. let's get straight to the news. the pictures speak for themselves. the numbers is staggering

bank of america will change the fee structure, possibly charging more. however customers could do things like banking online or using a bank of america credit card. america was hit with critsome when it tried to institute a $5 debt card charge. >>> officials broke ground on a new fire station in east palo alto. they began construction on a new 12,000 square foot facility at university avenue. the facility will include firefighter living quarters and more storage. it will be three times of the current station,-built in 1956. it serves east palo alto and menlow park. >>> group that opposes the death penality is hoping to put a measure on the ballot that would do away with executions in california. it would make the maximum menialty life without the possibility of patrol. it has the backing of the former ward in the san quentin prison. the state carried out 13 execution in 20 years and none in the past six years. >>> lawmakers may try to force the head of the california fish and game commission to step down. he has been under fire for this photograph. shows him grinning while holding a dead lion in idaho. it is not legal in california and many feel h

of people asked about it during the break. they will have a major action on tax day, and just for the people who arrived, they shut down bank of america yesterday in washington, d.c., because the bank of america does not pay taxes. you will pay more taxes than bank of america. look that up, u.s.uncut.org. >> i am sorry, i missed my cue. i have three boys. does that help you decide where i was? thank you for inviting me today. it is an honor to be on this stage and that celebrate the 100th anniversary of the right to vote. as i began to write my speech for this event, i really started to struggle with the subject. the first draft, the participants, and the details leading up to gaining the right to vote. the question that kept popping up in my head was this, 100 years later, is there enough to celebrate? have we made significant strides in our fight for equality? i kept ignoring the question pushing around my head. the thought kept buzzing in my head like a baby at a picnic. when i finally paid attention on whether we have made significant strides, the answer was an unequivocal no. it was only when i answered the question it and sat down, it was only when i answered that question that the word

of the reasons i'm for simpleification. >> huckabee: charlie? >> you said that you were against the bank bailouts. would you really have let citigroup and bank of america, which bank of america has a branch in just about every main street in the united states, would you have let these companies collapse? >> i would have let them go through a process which would have happened which is a bankruptcy process. the bankruptcy process may have been a liquidation. it may have been a reorganization. but again, i come from southwestern pennsylvania. you let the steel go bankrupt. it was as big and dominant a muscular presence in american economy as city bank was. we let it go. we let lots of steel companies go. >> i'm not degrading their loss. but city bank and bank of america have a trillion dollars of deposits that the u.s. government insures. how would you have -- where we going to find that money? >> again. we have go through the process as you would in any kind of structured bankruptcy. we set the wrong templelate when we bailed out one bank and not the next. what happened is, everybody froze because they believed that the federal government was going to come in. so we make misst

of the reasons i'm for simpleification. >> huckabee: charlie? >> you said that you were against the bank bailouts. would you really have let citigroup and bank of america, which bank of america has a branch in just about every main street in the united states, would you have let these companies collapse? >> i would have let them go through a process which would have happened which is a bankruptcy process. the bankruptcy process may have been a liquidation. it may have been a reorganization. but again, i come from southwestern pennsylvania. you let the steel go bankrupt. it was as big and dominant a muscular presence in american economy as city bank was. we let it go. we let lots of steel companies go. >> i'm not degrading their loss. but city bank and bank of america have a trillion dollars of deposits that the u.s. government insures. how would you have -- where we going to find that money? >> again. we have go through the process as you would in any kind of structured bankruptcy. we set the wrong templelate when we bailed out one bank and not the next. what happened is, everybody froze because they believed that the federal government was going to come in. so we make misst

of the reasons i'm for simpleification. >> huckabee: charlie? >> you said that you were against the bank bailouts. would you really have let citigroup and bank of america, which bank of america has a branch in just about every main street in the united states, would you have let these companies collapse? >> i would have let them go through a process which would have happened which is a bankruptcy process. the bankruptcy process may have been a liquidation. it may have been a reorganization. but again, i come from southwestern pennsylvania. you let the steel go bankrupt. it was as big and dominant a muscular presence in american economy as city bank was. we let it go. we let lots of steel companies go. >> i'm not degrading their loss. but city bank and bank of america have a trillion dollars of deposits that the u.s. government insures. how would you have -- where we going to find that money? >> again. we have go through the process as you would in any kind of structured bankruptcy. we set the wrong templelate when we bailed out one bank and not the next. what happened is, everybody froze because they believed that the federal government was going to come in. so we make misst

of m.b.i.a. which is going up against bank of america they're playing and the bank of america is going to end up possibly he predicts with this double digit billion dollar payout set. and he thinks bank of america needs to restructure and go bankrupt so no i mean there's all these different when you're telling me that sounds like the stress has excuse me absolutely worthless but are there any real time or real world effects for citigroup for example i think that probably a lot of people were a little shocked or surprised in a certain way that they failed what happens to citi group they just have this mark on their record well i mean maybe their share price will go down a little bit maybe investors will be wary or people that i've heard from not a lot of people were surprised if the banks did fail there was a lot of surprise there as for the market going along with the ones they did though because as i've pointed out a lot of skepticism over these stress tests the only reason i think that the market would buy this kind of bogus government federal reserve concocted stress test is if they're all ban

of the reasons i'm for simpleification. >> huckabee: charlie? >> you said that you were against the bank bailouts. would you really have let citigroup and bank of america, which bank of america a branch in just about every main street in the united states, would you have let these companies collapse? >> i would have let them go through a process which would have happened which is a bankruptcy process. the bankruptcy process may have been a liquidation. it may have been a reorganization. but again, i come from southwestern pennsylvania. you let the steel go bankrupt. it was as big and dominant a muscular presence in american economy as city bank was. we let it go. we let lots of steel companies go. >> i'm not degrading their loss. but city bank and bank of america have a trillion dollars of deposits that the u.s. government insures. how would you have -- where we going to find that money? >> again. we have go through the process as you would in any kind of structured bankruptcy. we set the wrong templelate when we bailed out one bank and not the next. what happened is, everybody froze because they believed that the federal government was going to come in. so we make misstep a

handful of fast food joints of the same handful retail stores and the same banks that you see in every mall in every downtown across america. so today a handful of banks control most of america's wealth and wherever you go in america you see the same banks because no president since reagan has undone reaganomics the last presidents to enforce the sherman act were jerry ford and jimmy carter who broke up a t.n.t. which since reagan has reassembled itself so now just like a handful of big banks we only have a handful of cell phone companies and landline phone companies the same way we have a handful of big ad companies that control most of our food supply the same way we have a handful of big media companies that control more than ninety percent of everything you see hear or read on t.v. the internet radio and over fourteen thousand newspapers and magazines fewer than a dozen companies the same way a handful of oil companies control the oil and gas market the same way a handful of automakers make all our cars the same way a handful of drug companies make most of our drugs the same way and full of retail you've started to notice that i am here and full of bodies own most of ameri

banks that missed some of the metrics. met life, sun trust, alley, and citi. what do you do with this name? one of the big names that was going to suffer was bank of america, people thought. bank of americaassed and citi didn't. >> i think you buy citi group here. i think they will raise the capital. look at the price action in this. trading above 35 now. the high over the last couple months have been 34.87. this is probably the worst news to come out on this stock. and it's not even breaking below the breakout point. that to me is positive price action. and you have something to shoot against as well. >> he likes the technical action. what do you think? >> i think it's interesting. one thing i'd like to know, how can they raise capital to be sufficient? do they have time to grow into it? do they need to issue stock. if they were to do a big equity issue. it's not like they're capital deficient at the moment. it's if these assumptions were to be our new reality, in that scenario, citi bank has insufficient capital. but we're not in that scenarisc. once i get that question answered, i do think citi is interesting. >> let me take my trader hat off. generally i don't do this. b there are fo

it's also worth watching today's session, shares of bank of america. bank of america is a standout. her by about 1.33% or so. what's key here is the price level. before we had 10.08 and then that rumor that got batted down. so we're approaching the level it had been before the rumor. 10.08 was the prerumor level so it would be important to move past that. >> remember, there have been a tremendous series of downgrades of the regional banks ever since the stress tests results were announced. i think this group could have a major multi-month run. people want to downgrade it, they're too short-sighted. this is where the value is in the stock market. >> we're seeing a lot of strength in the home builders. the etf that tracks the home builders near ia 52-week high here. i want to head over to bob sullivan. >> there is a lot of activity down here. can you figure out why? >> it's a lot of very well-dressed men standing around. >> and you're one of them, my friend. >> for the moment we've got some classically dressed '60s style which i very much like and one of the hallmarks of "mad men." >>

these big banks and what that means is that these banks remain too big to fail and more risky than they were before the crisis if you take a look at the bank of america the insides of bank of america what is it done in the last three years it's increased its derivatives its most risky types of deals i thirty five percent thirty five percent since two thousand and eight since it was bailed out by the government since it has increased its fees on its own customers since it's been involved in numerous lawsuits and settlements regarding the fraudulent types of mortgages that it has either purchased from countrywide or that it has had on its own books and it hasn't extended to its own customers before having takeover countrywide so we're subsidizing these merged banks that are more dangerous to us now than they were and there's no talk at the fed the treasury department in washington to break these things up i think that video is fantastic because it just shows so clearly what the problems are a lot we should break up these banks but it's not going to happen. well i have thought about something that is happening and this one really i just as if we needed more lists to tell us about how

of high gasoline costs. let's hold off on the stock right now. how about arthur in california? arthur. >> caller: hey, boo-yah! >> boo-yah. >> caller: bank of america. >> why buy bank of americahen i can buy wells fargo or u.s. bancorp, usb. we've got to be in best of breed, not worst of breed. eric in wisconsin. eric. >> caller: how are you doing, jim? a big badger booyah to you. >> nice. let's go to work. >> caller: my question is this. a lot of natural gas plays like lmg and westport have been doing very well. >> yes, they sure have. >> caller: i've been stuck with ung, which has been tanking for the last year and a half. >> if "getting back to even" i said -- and that was when the stock was much, much lower they did some kind of reverse split. i said do not do that, it's a bad proxy, it doesn't work. you want natural gas, i think you go with somebody like devon. devon is a better play. let's go to bill in florida. bill. >> caller: hey, jim, a big booyah from pompano beach in sunny south florida. >> wish i were there. what can i tell you? what's going on? >> caller: jim, a couple weeks ago you were talking about put something long shots into the portfolio. and i've got a c

just a matter of whether you want manipulate the government to reduce the choice. >> the ceo of bank of america has publically stated that he has the right to make a profit for bank of americareholders. and you would not disagree with that. i also have the right as a bank of america customer to take my money out of their stinking bank. so consequently, if they keep -- >> the banks have a federally-granted charter through which they are being given money for zero percent and consolidated assets in the banks reducing karen finney's choices for another bank by virtue of their corrupt relationship with our government. so it's fine, karen, if you want to change, but when i continue to bribe the government to reduce the number of choices for karen, it starts to get on your nerves, i imagine. >> number one, where's molly? and number two, i'm a bank of america customer. when i saw this topic, i will be banking at another bank. it's not a lot of money, but it's the one thing i can do. number three, congress should get on the stick about this. this is ridiculous. you have been talking about this for a long time. it's absolutely ridiculous. i'm over it. >> too much money from the bank

bank of america is not saying they are going to do this right away. expectations throughout marketplace that these fees are going to be put in place soon from coast to coast for all 55 million of bank of america customers. >> what reason is bank of america giving, gerri. >> you have got to realize they're making less money than they used to less in terms of top line revenue and money from these sorts of accounts and going down, down dramatically 22% since 2009. they will want to boost that revenue. i have got to tell you i don't think the consumers are going to react positively to this. you saw what happened when they tried to put in place a debit card fee not too long ago. just $5 a month. there were fully 5 million people who moved accounts in the last quarter. they said it was higher fees that made them move. >> shepard: gerri willis, live in new york. gerri, thanks very much. >> thank you. >> shepard: the conservative activist andrew breitbart died today at the age of 43. whether you are a republic or a democrat or somewhere in the middle, there is no denying his influence on politics in this nation. >> we live in a 24/7 news cycle, my friends, where every minute is your life flashing in front of you. >> shepard: andrew b

of taxes. if you're going to get some of the benefits that come with being in a corporation in america, you need to have some responsibilities too. and third, bank of america and a lot of the banks invest in a lot of things that are bad for our country. bank of america is one of the lead financiers of predatory payday lending. these payday lenders charge 455% interest rates, largely target communities of color. the average $250 payday loan cost the borrower $750. so essentially, stripping wealth out of some of the poorest communities of our country. we need them out of that business. so those are three demands that we'll take to them at the shareholder meetings among others. >> so you're calling this shareholder spring? >> the larger effort this spring is called 99% spring. and within that, there are two key components. one is actually training a 100,000 people in a new vision of what the economy could look like. and engaging people across the country in that conversation. not only are -- this is not a predetermined vision that a bunch of us have figured out. but it is a challenge for us all to think big about what might be possible. >> what do you mean to imagine a new economy?

of people were targeting. >> exactly and with the move of bank of america today, a lot of them got over 10. if you look at it, bank of america is up 70% from the recent lows. going back a year, it hasn't hit the $12 level it has about a year ago. bank of america has room to run. >> the second piece is to see what the activity is around the time that the rumors exploded. did you notice anything unusual around the time that the rumors were floweding on the training floors? >> it's interesting that you asked that. kate points out how active the stock was. the options get mushy and it's really tough to figure out which way the options want to go. the interesting thing is if you look later, you realize that the stock was active and the options were incredibly active. they were about for times as you would expect on a normal monday. the options got more expensive and about 5% more expensive. what that said is plenty of people are worried and they want to buy protection and plenty of people saw the pull back as an opportunity to get long and save themselves 5% from buying it at $10. there is something for everybody today. >> it's m

bank of america is working s. this a recover or speculation? >> you mentioned bank of america and the way the banks got sold. they started working and that was a bit of a recovery play. the other names like net mix and apple and the things, i think that's kind of bubbly when you consider the market caps gained. the fundamentals haven't changed a lot. feels like a bubble. >> he is saying a great point. this is a company that they supposedly are buying and will treat as a private equity investment. they need to make an investment. it's got a big shareholder controlling the float. then take a look at netflix. that looked like a broken model with a bounce back. i don't know that that recovered. apple is a different story. >> priceline is the other one. >> you got to mix the good and bad. the busted stocks and i don't necessarily believe on jumping on them at all. you have situations where if you are playing for recovery the pricelines and the apples and the bank of americas. >> that's on priceline too. an analyst of some on the street bumped the target to $800 on priceline. somebody has it over a grand. >> pricel

bank of america. >> reporter: a bank of america customer for more than 20 years, goddard was shocked to find b of a records she is deceased. >> on valentine's day of this year i realized i was dead, a credit report with no score. goddard's husband died in 2006, but this grandmother is alive and well, still making a monthly mortgage payment to b of a. but she had to prove to it the bank brought in a marriage certificate that showed that he and i were married. i brought in my birth certificate, and they requested my husband's death certificate, which was signed by the coroner. >> reporter: hours on the phone and the computer got to the bottom of the problem. but goddard is still in financial limbo. >> if i was in any kind of financial difficulty that i needed some major assistance, it wouldn't be there. >> reporter: an unsigned letter from b of a says the bank is correcting the mistake. in a statement to nbc, the bank says we have updated our files and have reached out to the credit agencies on her behalf to correct the account information. we apologize for the error. but goddard wants more. the former state investigator wants b of a to audit its records and find out how many so-called deceased customers are waiting for their credit score to come back to life. >> 60 days i'll find out whether i'm alive again? i don't want the wait 60 days. >> jeanne ellie, nbc news. >