Thursday, November 12, 2009
Wait a minute...
The Federal Reserve Board had the power to limit predatory overdraft fees all this time and didn't do it? Maybe economists' salaries need to be limited to $40,000 a year. I'm sure the experience would help them make a "rational choice."
Subscribe to:
Post Comments (Atom)
Posts
3 comments:
Thank you Fed!
along the same vein, why haven't state attorney generals gone after predatory lenders and bad faith on the part of insurers?
What's amazing to me is that the Fed had this power all along, but simply chose not to use it until the prospect of a new federal agency that would take these powers.
Post a Comment