Consumer Revolt (Part 1)

These stories follow a familiar pattern, one which I sympathize with: consumer revolt against the rich and powerful, who have received hundreds of billions if not trillions of dollars in bailouts while average Americans get screwed. Witness this woman's one-person crusade on YouTube against Bank of America and its sky-high credit card interest rates. Andrew Cuomo, the Attorney General of New York, is filing charges against Bank of America executives for their failure to disclose bonuses paid in connection with their acquisition of Merrill Lynch one year ago (at the height of the financial crisis). As if that weren't enough bad news for Bank of America, a federal judge has also ruled that a $33 million settlement between it and the Securities and Exchange Commission cannot be allowed to go through.