Monday, October 03, 2011

Morons Reporting On Morons

I think the story in the Daily Mail was actually penned by 7th grade government school students. I was left scratching my head after these illiterate excerpts:

Police have arrested two dozen protesters for trespassing during a demonstration against Bank of America’s foreclosure practices at the banking giant’s offices in downtown Boston.

The Boston Herald reports that the event was an act of civil disobedience that the organizers intended to send the message that the lender’s practices were unfair.

There was no mention of Bank of America’s planned debit card fees, which recently have generated headlines and frustrated customers nationwide.

The Bank of America website crashed yesterday after being overwhelmed by angry customers following the decision to charge them to use $5 a month if they use their debit cards...

Though the bank, like several others who instated similar fees, will use the revenue to help increase revenue, the move is seen as biased against less wealthy clients as they are more likely to use a debit card because they are often denied credit.

U.S. banks have been looking for ways to increase revenue as regulations introduced since the financial crisis limited the use of overdraft and other fees.

In spite of hesitations (?) about the new fee, Bank of America's stock price was up at the close of business Thursday, coming in at 6.35.
Bad diction, run-ons, misinformation...

My favorite though, hands down, was *use revenue to increase revenue*!

And note that half of the story was about debit cards even though admittedly *there was no mention of the debit card fees* at the protest.

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