Bank of America to charge fee for using Debit Card...

Another day, another new bank fee. This time it's Bank of America (BAC), as most of its customers will soon see a new $5 charge on their statements for any month in which they use a BofA debit card to make a purchase. The bank, like others, is considering new ways to recover debit card revenue that is going away because of new regulations.

This is an act of desperation...check out BAC's chart.  The stock is currently up 0.08 to 6.24, but it sits just above the 6.00 level it was at before Warren Buffett jumped in and tried to show support.  The more I hear from this company the more I believe they really are in trouble.  Don't forget BAC owns Merrill Lynch.