PRESIDENT BIDEN IS KILLING THE FREE MARKET

BIDEN KILLING FREE MARKET BANKING

By: Derek Varsalona

President Biden is on his way to socializing the banking industry.  He is now attacking overdraft fees killing the free market and forcing more government control over the economy.  President Biden is going to stop at nothing to control your wallet and your hard-earned dollar.  He does not believe in the free market. 

President Biden is taking action against hidden junk fees in the banking and credit industry.   Yes, I agree, that these fees make it harder to earn a living.  But no one is forcing you to bank with a certain bank.  No one is forcing you to apply for certain credit cards that have junk fees.  It is up to you as a responsible citizen to make the choice whether or not to apply for a line of credit.

Overdraft fees are a way that bank and credit card companies make their money.  It should be their freedom to do so.  If you do not like their policies you can always apply with a different bank to secure your money and cancel and apply with a different credit card company.  

It should be your choice which credit card company and/or bank you do business with.  It should not be the government's responsibility.  By making it the government's responsibility President Biden is killing the free market.  As always comments accepted.

Biden is killing the Free market
CNet.com
SIPhotography
October 27, 2022

Source: President Biden. “ Statement from President Biden on CFPB’s Proposed Rule to Curb Overdraft Fees.” whitehouse.gov Washington, DC: January 17, 2024. 

https://www.whitehouse.gov/briefing-room/statements-releases/2024/01/17/statement-from-president-joe-biden-on-the-cfpbs-proposed-rule-to-curb-overdraft-fees/