Tapping a different profit source

Banks are not making much money today from derivatives and mortgage securities, so they've turned to the average (or not so average) Joe. BofA has doubled credit card fees. Citicorp is offering loans at 30% annual interest. Pacific Capital charges over 100% for loans in anticipation of tax refunds. Wells Fargo charges 120% for checking-account advance loans. All of these institutions have been advanced money by us.

Here's a chart from the Journal that shows what some of the TARP recipients have done with regard to raising fees.