The Price of Empty Bank Accounts

Written by Pat's Papers | Thursday, 25 April 2013 7:35 AM

According to the Washington Post, the federal government will spend almost a million dollars this year on maintenance fees for bank accounts that are empty but no one bothered to close. And it’s simply because no has done the paperwork to close them. Post writer David Fahrenthold calls the situation an example of “Washington’s waste, a rare specimen of cost untainted by any reward.”

SOURCE: Washington Post

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