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FBN’s Stuart Varney breaks down why it’s the government’s fault that Bank of America is enacting its $5 usage fee.
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Bank of America imposes a monthly five dollar fee on its debit card users and the president senate Democrats and consumer activists go ballistic.
The media largely went along with the demonization.
Outrage at the banks they've got it all wrong He is might take.
This week we witnessed a United States senate that on the floor of the United States senate and courage a run on a major American back.
Senator Dodd Democrat Illinois called on video based customers to take that money out please remember up.
It was that same -- who caught the three banks charge REIT that is for every debit card swipe.
That is government price fixing.
Then President Obama joined did He said banks do not have the inherent right to a certain amount of profit really.
So the government will now decide how much profit if any a bank can make what.
The financial sector used to be a massive job creator now it is shrinking.
And full purely political reasons it is under attack is this going to give us a healthy banking system.
Is this how we encourage economic growth and job creation no it is not offs.
What it shows is that the financial regulation we've seen being stuck -- it is not regulation at all it is punishment.
At it is destructive and frankly.
From leading politician to call for a run on a bank is an outrage.
