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April 13, 2009


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"Banks say that raising fees and rates, even on low-risk customers, is a legitimate way to recoup some of the costs of the bad loans still on their books." Now there's a thought. Let's make the good customers pay for the bank's bad decisions in taking on bad customers.

"They also say taxpayers have a financial interest in seeing the industry quickly return to profitability." Of course, if the taxpayers are being saddled with the costs of companies making bad decisions, we certainly do want them to be profitable. But here's a thought, why don't they, like us, take financial responsibility for their poor decisions? Sorry, not PC? Well then ...

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