know in the case of the eighty s e c there is a huge profit making institution and yet after eights bank of america announced its price hike they announced price hikes too they didn't do it on debit cards because that would have been too obvious but they did it on a.t.m. usage and other things and so that's quite unacceptable and you know i decided to vote with my dollars to tell me exactly why it is that credit unions are so much better and you can say that these are nonprofit organizations but they also charging fees if you make a late payment if you have an overdraft fee or do they not even compare to the fees you'll find in the bigger banks. that's a really good question the smaller banks and the credit unions actually their business models have not rely on charging the zs their areas rates on things like credit cards so in most cases they actually do offer lower rates and less burdensome fees so you know in addition to feeling like you're investing in main street you might actually get a break on your credit card or your mortgage or maybe even your a.t.m. usage and you know this like the matte

dollars some of banks also raise the fees for the regular checking accounts chase is now charging twelve dollars a month citi group went to eight from eight to ten dollars a month and bank of america. by three dollars a month earlier this year now other banks say that those fees are on necessary insist that they're very transparent about their charges two democratic senators are making it known that they're fed up with the practices dick durbin and jack reed of called on the consumer financial protection bureau to adopt a format that would disclose hidden fees in a consumer friendly format and a statement they say simply put consumers have had enough of banks to try to sneak these past them that are hidden in fine print or imposed with no notice at all and we should also know that those who consider themselves good customers are getting screwed by the banks to banks are lowering the rates to get paid out to customers they keep the money in their accounts market rate inside a financial market research firm says the average interest rate for deposit accounts of fall into seven point seven four percent of the decrease in the point eight percent held earlier this year that might seem

of colleges like karl rove in the future. elsewhere eight patriots with occupy charlotte were arrested outside of a bank of america protesting the bank's ties to the dirty coal industry in tennessee occupy nashville demonstrated outside the corrections corporation of america the largest private prison company in the world to protest how c.c.a. profits off throwing more and more and more people in prison and a judge in boston today gave occupiers a temporary restraining order against the city to prevent any police crackdowns in the near future the point is the movement continues with or without zuccotti park as for what direction it goes now i want to turn it over to my guests joining me now from new york is kristen gwynne freelance writer and editorial system with alternate and here in the studio digital money reporter and blogger with think progress the person welcome. kristen i want to i want to start with you. what's the what's the mood in zuccotti park right now how are people adjusting to these new rules against camp you're going to the occupation still go on indefinitely without them well the occupation is everywhere a

that five dollars debit fee that bank of america originally was going for then bank of america decided to read that and some estimate that they're going to lose up to eight billion dollars in revenue because of it so i'm betting my money that they can be lobbying very heavily against this transaction tax well there's no doubt about it they're going to be very very strongly opposed to tax and to get people supported me no one likes the idea of any tax but the point here is that we have in the current context with the super committee that's coming up with proposals to cut medicare cuts for security and i think the question is ok which do you think makes more sense do you want to see your social security or your parents' social curative benefits or uterus and tax and forestry and i think when it's posed that way i think it's likely to be a much more popular proposition again i won't put money in betting this year but i think getting it into the mix makes a period likely that something like this could at some point get through what do you think about. by the way by the banks and by bank of america is that a bit of a win for occupy wall street or at least for

>>pam: occupy protesters stormed a bank of america branch. they even put up eight tent inside the bay. protesters refused to leave . as they were loaded onto a bus, the crowd cheered. mayor ed lee met with occupy protesters. >>pam: tents have returned to the uc-berkeley campus. police officers have been telling occupiers that they are not allowed to set up campsites the protesters say they do not plan on leaving any time soon. amidst the complaints about rising fees comes another fee increase in and another clash between protesters and police. the student protest broke out during a testy meeting in long beach. here is a video of the developments. four protesters were arrested in the three police officers or injured. it happened as trusties okayed a 9 percent tuition hike for next fall. dan kerman has a connection between the state budget cuts and tuition increases. >>dan: of the governor signed a budget with 650 million for the university of california and the california state university system. they have increased tuition for the fall. the state could cut another

of eight consecutive bowl appearances come to an end. redskins-cowboys part 2 less than 24 hours away. skins are hoping that did he deja vu is not in their future. at bank of america, we're lending and investing in communities across the country, from helping to revitalize a neighborhood in brooklyn to financing industries that are creating jobs in boston or providing funding for the expansion of a local business serving a diverse seattle community and supporting training programs for tomorrow's workforce in los angeles. because the more we can do in local neighborhoods and communities, the more we can help make opportunity possible. whoa. i got the verizon fios triple play. the best picture, fast internet, unlimited calling. and they even gave me $300 back. $300? man, what are you gonna buy? well, i was thinking about some new window curtains. ♪ [ chudnofsky ] i want the head of the green hornet! [ slurping ] makes sense. yeah. [ male announcer ] now when you upgrade to fios tv, internet and phone, we'll give you $300 back with a two year agreement. contact the verizon center for customers with disabilities fios. a network ahead. at 800-974-6006 tty/v. >>> redski

which is the european version of what happened in america in two thousand and eight they want to take essentially the bundesbank the german banks and they want to expand their shadow banking system and according to the president of the e.u. they want to expand it to five trillion euros right away and probably take it up to twenty trillion euros in the next six months but max we are all greeks now or even still you know still. greeks set to scream bloody murder as pension fund threatens to recruit eight billion euros in illegally paid out proceeds this is another thing you're going to see going forward and this is something we've talked about a few years ago that we predicted this is they're going to come up with all sorts of oh yeah we illegally pay this to you and you illegally accepted this pension money and therefore you owe it. to check out the the asymmetry here they're abrogating a contract a pension contract and they're confiscating billions of euros at the same time out of this part of the now they're saying that well we have to honor our debts to sovereign creditors we couldn't possibly abrogate a contract that's anti

caller: by online mortgages with bank of america. in the last eight months i have been a little bit late with it. bank of america's drive me crazy. i have filled out the same paper work three times. i am not kidding. i am getting letters from texas. i give the lady in michigan the papers, they do not know where they are. i'd like to get myself back on track. i have had this house for 12 years. i was a hair dresser making $80,000 per year. now i make $27,000 per year. now when i called bank of america, they do not even know what is going on. i have done a disease over this distress. -- i have gotten a liver disease over this distress. bank of america is really not doing anything. host: mr. biden, go ahead. guest: unfortunately, you are not alone. your story is not a story, it is your life. you are one among many people facing exactly the same dilemma. you are able to get someone on the phone, they force you to recreate paperwork that they cannot keep track of and then they force you to restart conversations, time and again, from a different employees o

bank of america. i had my mortgage for 12 years now. in the last eight months, i have been a little bit late on it. bank of america is driving me absolutely crazy. i have filled out the same paperwork, i am not killing you -- kidding you, 58 times. i am working with them and i am getting letters from tax preparers, i gave the lady in michigan the paper. what i am going to do is pay what i am late, get me back on track, modify my house, i had it for 12 years. i should not have bought by house. i was a hair dresser making $80,000 a year and now make $27,000. i cannot talk to anyone in english. no one knows what is going on. i've ended up getting a liver disease from stress. i did not want to lose my house. i want to keep it. what are we going to do about the bank of america and all this craziness? they are not doing anything. host: go ahead. guest: unfortunately, sir, you are not alone. your story and the situation new phase, you are among many, many, many people. facing exactly the same dilemma. and the essence of the dilemma is that you are unable to get on the phone someone who is willing to talk t

meanwhile, police in charlotte, north carolina, arrested eight demonstrators today after two of them climbed this flagpole outside of a bank of america headquarters and hung this sign. >>> an american man has been convicted on charges that he communicated with terrorist leaders in yemen. a 30-year-old who tried to give support to al qaeda could go to prison for 20 years. also, this -- massive crowds in syria, chanting, shouting defiant, feeling some momentum as intense pressure is toning down the crackdown on protesters tomorrow. they will be officially suspended by the arab league. >>> so the tsa, testing out a way to possibly allow u.s. military personnel to get through airports a bit faster. here's the issue. whether u.s. military i.d. cards can be made compatible with the precheck expedited screening program officials hope to some day screen procedures for members in the military. >>> and the canadian company behind the controversial keystone pipeline has agreed to move it out of an envirnt mechbtly in alaska. they will avoid the sand hills region. there have been all kinds of protests against the $7 billion keystone project runn

of eight windows in this very building broken. this is the scene throughout downtown as businesses try to repair and in some cases fight back. at the bank of america building on lake merritt, crews spent the day power washing graffiti sprayed right over the bank's exterior wall logo. plywood covers ground floor windows that were broken during the violence. it's much the same story at businesses around frank ogawa plaza including this tully's coffee. just a few doors down we found an oakland resident who came here on his own time to help clean up. >> just a hand. of people came and destroyed everything that had what "occupy oakland" stands for. >> reporter: it was also a very dramatic evening for one of oakland's most well known developers. >> this is a shotgun that i brought from home because i knew i was going to be working late. >> reporter: phil brought a shotgun to the ground floor of his offices in the rotunda building in order to ward off protestors who were trying to forcibly get inside. >> they kept pushing through the door, i racked the shotgun one time and they all ran awhich. >> reporter: tagami says the entire situation is unacceptable

eight windows in all broken here. a similar story throughout downtown oakland. businesses cleaning up and as you mentioned, some fighting back. at the bank of america building on lake merritt, crews spent the day power washing graffiti sprayed right over the bank's exterior wallow wall logo. there are plywood on broken windows. it's the same everywhere including at this tully coffee. we found and oakland resident who came on his own time to clean up. >> just a handful of people came and destroyed everything that "occupy oakland" stands for. >> reporter: it was a dramatic evening for one of the oakland's most well known developers. >> this is a shotgun that i brought from home because i knew i was going to be working late. >> reporter: he brought a shotgun to the ground floor of his offices in the rotunda building in order to ward off protestors who were trying to forcibly get inside. >> they kept pushing through the door. i racked the shotgun one time and they all ran away. >> reporter: he says the entire situation is simply unacceptable. >> here's a situation where folks are saying that they are nonviolent protestors and things have escalade to th

bank of america plaza after they refused to leave. about 27 demonstrators linked their arms, stood in a circle with police in riot gear right nearby. so far eight people have been taken into custody. no incidents or violence there. the rest of today's marches were peaceful. >>> police are trying to get a dump truckdriver off the road and back behind bars. he was charged with reckless driving in a deadly crash tuesday. there it is. police say he crossed the center line and hit an suv head on. the impact killed 40-year-old dan tulk, a stay at home dad with three little daughters. >> he was sunshine. and he was a family man, daughter's wife, daughter's children, an amazing artist. >> the family says they were told that the truckdriver fell asleep behind the wheel. police have not confirmed that. he was released on bond, but prosecutors are trying to reverse that calling him a danger on the road. >>> on to a 9news now update. tonight we are seeing a possible defense strategy emerge for federal agents from arlington charged with second degree murder. the state department special agent christopher dede was charged with shooting a man in hawaii. he wa

america when they burned down america in two thousand and eight the banks toure's bush gave them billions but when the poor revolt these were all the revolutions of the rich from the from the reagans that's when the poor were involved it's pretty hard to miss strikers were being killed in the us in the eighty's that all the way up to the one nine hundred thirty s. until it was outlawed one hundred thirty five of the wagner act and columbia right now strikers are being are being murdered poor people were burning ghettos in the sixty's and seventy's and dead students and unemployed people occupy movements all across the country our country was birthed in revolution jefferson's quote about blood and patriots is not appropriate for today we need to we need to find a new way and occupy something that's coming up the campaign against corporate personhood scored significant victories this week but where do we go from here just a moment. that drives the world of fear mongering used by politicians who makes decisions it's going to break through get through it if you have made who can you trust no one who is your view and with the local machinery see where

eight dollars per barrel the u.s. stocks are lower this hour after the government lowered its estimate of economic growth financial bahar staging a modest recovery from the processor and capital group morgan stanley and bank of america leading the way and topping session and european stock markets get off early again after data showing downwardly revised u.s. third quarter growth bigger pussies losing just a nod. to france he's slightly this hour dax is losing a percent and shares a common bank's lot more than sixteen percent after orders reported that the bank may need much more capital than previously expected to meet nine percent called capital or by the middle of two thousand and twelve. i'm here in russia stocks finished in the black in my six spared four percent four point eight percent decline on monday biggest in seven weeks let's look at some of the movers on my sector banking stocks among the gain is on tuesday with the ending point eight percent in the black diamond k. last point two percent the mining companies looking to buy and australia are in produce. there's nine's and fertilizer maker i cross as a marker talking in his reports and almost increasing our coffers for the first nine months of the year.

eight people up on that stage. i was most bothered by what they all remembered to say and what it means for america. >> get the regulators off the backs of the banks. >> get see. repeal it. >> i will repeal those bills. we have to lower the tax rate from 35 down to 25. >> lower taxes, leg regulation. first step is you take social security off the federal budget. >> deregulate, repeal health care, lower corporate taxes, talk about ignore the vote, just one day after voters across the country rejected the gop's extreme agenda, these candidates were acting like the election didn't happen. they're still captive to the tea party. joining me now is msnbc a tulane professor and columnist for "the nation." msnbc political analyst richard wolffe. and our friend mara is here to fact check the debate. the debate was held outside michigan. how would romney explain -- here as what he said. >> my view is whether it was by president bush or president obama, it was the wrong way to go. they gave general motors to the uaw and gave chrysler to fiat. >> governor romney said that the bailout gave gm for the uaw and chrysler to fiat. let's see what the associated pres

bank of america's abo abo aboutface has to do with the ok miswall street protesting? >> it was about the decision to retract the $5 debit fee which is ridiculous. it's an eightion and a $5 per month fee. it never made a lot of sense and annoyed a lot of americans on the streets in occupy wall street throughout the country and also people who weren't in the streets. part of that anger combined with the fact that bank of america is looking at its customer base leaving, to some extent. that is also a part of it. it used to be the largest bank in the country. it is now the second largest bank in the country. they said, wait a minute, we're going to retract this very visible fee for which we have a lot of public hostility. on the other side of that, as you mentioned in the lead-up, there are a lot of fees that still exist that don't have the same focus and public taengs attention and anger that they are continuing to levy. and i'm sure after having retracted this fee, they're thinking about where to nickel and dime their fees with their customer base. >> there's a new report from the western center on law and poverty saying this year that welfare recipients will