Is the Degree of Capitalism inversely correlated with the Level of Ethics?

That is an interesting hypothesis to test....

Because regulators and lawmakers are clamping down, the banks are changing some of their most egregious practices. According to the NYT, "...The moves come as lawmakers and regulators in Washington push proposals to reform what critics say are excessive charges of which consumers are unaware. The penalties, known as overdraft fees, bring the banking industry tens of billions of dollars in revenue annually.

Bank of America said it would allow current customers to turn off the ability to spend when their account hits zero, starting Oct. 19. Next June, the bank plans to limit the number of times each year that current customers can overdraw their accounts when using a debit card at a store. It will let new customers choose whether they want overdraft protection when they are opening their account.

Chase plans to eliminate by the first quarter of next year a common industry practice that enraged many consumers. Instead of lumping a day’s worth of debit card and A.T.M. transactions together and then processing the highest amounts first — a practice that has caused large numbers of consumers to overdraw more quickly and pay more fees — it will credit the transactions chronologically. Chase also plans to allow customers to opt out of overdraft coverage...."

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There are some stories of charity during this recession. That represents another side of Capitalism...instead of getting aid from a government supported "socialistic" program, the less well-off have to hope for charity. Business Perks (Must Be Laid Off)