Thursday, July 19, 2012

Government Regulations Screw the Little Guy, Episode 4761

You know all those new banking regulations, which are supposed to protect us, right? They actually are not. I'm personally getting screwed by them. My bank is now charging a crazy fee for a simple checking account. I don't really blame the bank, though. I blame the government and all the interventionist ideology in America. You've violated my rights. It's despicable.

Huffington Post ran an article in 2010 on the disappearing of free checking. The cause?
It's happening because a raft of new laws enacted in the past year, including the financial overhaul package, have led to an acute shrinking of revenue for the banks. So they are scraping together money however they can.

1 comment:

  1. What? The bank won't give you a FREE checking account? Blame the government all you like, whine about how much the country sucks, but you can solve the problem very easily. Take your money out of the bank and stick it in your mattress.