>From the presser today:
>
>"People are blaming financial regulation for raising fees."
>
>That's right, I'm sure they're just absorbing the extra costs of compliance officers. Amateur hour in the White House. Anybody want to rethink their assessment of Obama's supreme brilliance? Anybody? Bueller?

In fact, what's really happening is that financial regulation is forcing them to make the fees more public, so people know what they're paying. (That is, by lowering what the banks can charge vendors, the banks then have to tell people that they're being charged.) That's good.

Tamar