Search CynicalPessimist666.blogspot.com

Tuesday, January 12, 2010

U.S. Government Says Banks Don't Charge High Enough Fees.

http://online.wsj.com/article/SB126322918488724799.html?mod=rss_Today%27s_Most_Popular
Banks Brace for Bailout Fee

Barack Hussein Obama is upset that people are blaming him for bailing out his friends on wall street. In an effort to prove that he only cares for his wealthy friends, he is forcing banks to raise their fees on all their customers. Naturally, higher fees hurt lower income people more than higher income people.

Some of you faithless readers may be wondering why I think this will happen?

Easy.

Barack Hussein Obama wants to charge banks fees to punish them for following orders of earlier administrations that required them to make home loans to people that can't afford to buy homes.

What do you think happens when a business gets hit with a higher fee or tax? They pass it on to the customer.

After all, if a business can't make what they consider a reasonable amount of profit, they fire all the employees and close the business. Which means that if his proposed bill passes, we all get to enjoy higher bank fees, or we all get to watch more banks close their doors.

No comments:

Post a Comment