"Have Bank of America (BAC) managers lost their minds," asks Robert Smith. Facing several...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

"Have Bank of America (BAC) managers lost their minds," asks Robert Smith. Facing several multi-billion dollar lawsuits and its stock trading at 30% of book, the bank decides to anger 50M loyal retail customers by charging $60/year for using a debit card? "Thinking you can do whatever you want to your customers because you're the biggest ... is reckless and foolhardy."