Sorry, y’all. BOA was FORCED to take the money, if you recall. And paid it back early and in full.
Its disingenuous to now fault them for taking it and especially to claim that since they took it they forfeited their right to run their business as they see fit in perpetuity, or whatever.
That said, BOA does have the right to make a profit and can charge whatever they think the market will bear. I do NOT, however have to see what they charge as fair and I do not have to pay it.
Competition should solve this...if only government would stop the stupid regulation.
The problem with this stuff is simple. The regulations that may actually have done some good (like some parts of Glass-Steagal) have been eliminated, and those that simply cause problems (the Durbin Amendment as an example) are passed like they are from God Himself.
It may be a parsing of words, but I don't think any individual or entity has a "right" to "make a profit." We have the right to (try and) earn a profit, and while the words may have very similar implications, I think the choice of one word over the other ('make' vs. 'earn') reflects a profound fundamental difference in outlook.