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Wall Street firms have already made $1.4bn in fees off of the 86 bond deals Puerto Rico executed to avoid tackling its massive debt problems between 2006 and 2013; firms continued to lend Puerto Rico money despite the risks of a default precisely for the massive profits.
Bank of America can lift at least $140 in fees off a customer in one day if he or she doesn't have enough money in the bank.
The petition to cut the contract and the student association's call for an investigation pose new risks for investors in Navient, a publicly-traded company that as part of Sallie Mae has collected $256 million in fees off its Education Department contract over the past three years.
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The PBO assumed that if the government decreased its subsidies to universities and deregulated university fees, there would be a one-off increase in fees of 40%, followed by annual increases of 2% thereafter.
Child's Play Car-cramped (and history-crammed) kids can take a break from the valley's more enriching diversions and spill out onto the 18-hole disk golf course (the game is played with Frisbees) at Brandywine Creek State Park in Greenville (Routes 92 and 100; 302-577-3534; www.destateparks.com; $3 a Delaware vehicle, $6 out of state in season, no fee off-season).
With an efficient settlement process, he said, claimants "won't see one-third of it siphoned off in fees".
Confessed swindler Bernard Madoff's biggest feeder fund, Fairfield Greenwich Group, was so blinded by the hundreds of millions in fees it was making off him that it willfully ignored warnings of a possible fraud and instead settled into a relationship as an enabler and co-dependent, according to a lawsuit by Massachusetts securities regulators.
The problem is, unexpected needs here and there, along with the bank hitting me with hundreds in fees, have knocked me off schedule.
Trillions of dollars in fees are getting siphoned off the funds as 'economic rent' -- way beyond the value of the services being provided".
Will a big hike in tuition fees put off poorer students?
When I asked Maria and Victor why they'd bought a condo if they were intending to move within five years, and why Victor's IRA was invested in an account that charges 2.42percentt in fees (anything above 1percentt sets off my alarms), they both mentioned family advice as a big factor in their decision making.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com