BofA defends debit fees

BofA chief defends $5 debit-card fees

CEO Brian Moynihan says that his bank has "a right to make a profit."  

 Monthly charges fuel populist backlash 

Also: 

• Citi hikes checking fees
• Happy about debit charges
• Foreclosure backlog builds

Actually, you have NO RIGHT to make a profit ... if you can make one through acceptable business practices all well and good, but you have no right to make a profit.