No such thing as a free lunch

Discussion in 'Politics' started by The Rabbi, Sep 24, 2012.

  1. The Rabbi
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    The Rabbi Diamond Member

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    Now, Dodd-Frank was put in place supposedly to "protect" consumers from those mean predatory banks and lenders, right? Gee, that didnt work out too well. Turns out if you disallow companies from making money one way, they have to find another way to make money or they go out of business. And now with "Too big to fail" firmly enshrined thanks to Obama Administration moves, they have to make more money by sticking it to consumers. Just what we were promised Dodd Frank would end. Oops.
    ATM fees hit record high, free checking accounts decline - Yahoo! Finance
     
  2. daveman
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    daveman Diamond Member

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    No one gives you unintended consequences like Democrats.

    But, hey -- their intentions were pure, and that's all that matters. Right, USMB lefties?

    Besides -- it's the GOP's fault. Somehow. It just is.
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    People handlin' their own fiscal cliffs...
    :confused:
    Consumers Veer Away From Their Own Fiscal Cliff, Index Shows
    11/16/12 --- Washington pols are squabbling over the right formula to avoid the dreaded "fiscal cliff" coming Jan. 1, when a combination of tax cuts and spending cuts come together and threaten the heath of the U.S. economy.
     

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