Bailed-out banks raise fees

Here's today's thought that's going to angry up the blood...

Banks that got federal bailout dough (paid for by your taxes) are now increasing fees on basic transactions. They've also boosted credit card rates.

Translation: The government used your money to pay banks to increase fees. What other conclusion is there? Then again, it's not like big banks needed money to do this, because usually they're permitted to raise fees just for the asking anyway.

This is like how at the beginning of the bailout scandal, the government was encouraging big banks to use bailout money to take over smaller banks.

A Strongly-Worded Letter from Congress appears imminent.

I'd like to see the states cap bank fees. Good luck with that though. When cities in California tried to limit ATM surcharges, banks went to federal court and got an activist judge to throw out these limits.

Who says Big Business doesn't rule America?

(Source: http://www.nytimes.com/reuters/2009/04/13/business/business-us-banks-probe.html)