Dear Occupy Wall Street: Bank Fees Result of Government Regulations

Katie Pavlich
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Posted: Oct 05, 2011 11:35 AM

For the past few weeks we've seen hundreds of rich hipsters take to the streets, blocking the Brooklyn Bridge in New York, screaming about evil bankers, corporate greed and getting arrested....700 of them. Now, Benny Johnson from Accuracy in Media, takes a look at why fees at Bank of America are increasing and guess what? It's not because of evil bankers, it is because of government regulation, regulation specifically written and supported by President Barack Obama and Democrat Dick Durbin.

"Following a strange economic principle that businesses will pass along costs to their consumers."