CLARKONOMICS: A recent survey done by CreditKarma.com finds that more than 40% of consumers had their credit limits lowered or their cards closed involuntarily during the last several months. In addition, more than half of respondents also had their interest rates raised.

If you're a regular listener to the show, you know this to be true from all the calls we receive about it.

What's interesting and revolting is that it's predominantly the giant monster mega-banks that are doing all these crazy things. A recent analysis in the The Wall Street Journal suggests that it's specifically the banks that received federal bailout funds that are feeing us to death.

Consider this: Citibank and Bank of America have federal bailout money nearing half a trillion dollars. Bank of America, in particular, has $163 billion in backstop funds and it needs another $36 billion just to keep the doors open, according to analysts.

Meanwhile, Bank of America CEO Kenneth Lewis recently bragged to analysts about how they're ripping off customers to the tune of $10 billion annually with fees.

Nobody asked taxpayers if they wanted to bail out Bank of America. And then they have the audacity to turn around and stick their customers -- the same taxpayers who bailed them out -- with fees?

Why would you want to do business with a bank like that?