Democrats Kill Free Checking Accounts

    emocrats, devoid of basic economic sense, continue to screw consumers with laws against business with very foreseeable consequences. Case in point: banks now are getting rid of free checking accounts.Why?Well, banks have been giving free checking accounts, but then charging irresponsible check holders overdraft fees for drawing more money out their accounts than is there.In other words, only the spendthrifts pay.But Congress now says banks | Read More »

    Democrats Kill Free Checking Accounts

    emocrats, devoid of basic economic sense, continue to screw consumers with laws against business with very foreseeable consequences. Case in point: banks now are getting rid of free checking accounts.Why?Well, banks have been giving free checking accounts, but then charging irresponsible check holders overdraft fees for drawing more money out their accounts than is there.In other words, only the spendthrifts pay.But Congress now says banks | Read More »

    Mitch McConnell Gets It Right

    The Hill reports Mitch McConnell said two things worth commending him on: “When our good friends on the other side of the aisle say raising taxes on the wealthy, they really mean small businesses,” McConnell said on CNN’s “Late Edition. and “I think nationalizing the banks is an absolutely wrong thing to do.” Good for him. While I’ve got serious disagreements with some of things | Read More »

    Going Through The Front Door

    The major news this morning affecting financial markets is that the Treasury is making a drastic change in its approach to the current crisis. You know about the $700 billion Troubled Assets Relief Program (TARP). As originally conceived, the idea here was to contrive ways of purchasing assets like mortgage-backed securities from banks and Wall Street firms. The purchases were to have been done at | Read More »