Fees - 2 Cents
Posted by: Mark Nichols
11 Jan 2010
Headline: White House reportedly mulls bank fee in budget.
The justification is that taxpayers have lost money because the government has had to bail out many banks. So this fee would hurt all banks (not fair to well-managed banks) and in my opinion, would eventually be passed on to bank users.
So we'd end up paying for paying to save some banks. Double dipping bailouts, under the guise of helping us.
Granted I barely know anything about this proposal, but it doesn't pass the smell test.
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Category:
Finance/Business