Bad economic policies have consequences. Senator Dick Durbin thought the big, greedy banks were making too much money and regulated their profits. Our President, eager to jump on the ‘Government Knows Best’ bandwagon offered his support and signature to the Dodd-Frank Bill. Accuracy in Media teamed up with Let Freedom Ring to find out what happens when banks are forced to comply with government price controls. Just as predicted, the customer gets a shake down.
Champions of the free market hate to say they told you so. But, we’ll do it anyway.