The Only Law That Matters in Washington, D.C.

There is only one law that is consistently both obeyed and uniformly applied in Washington, D.C., that is that law of unintended consequences. The Dodd-Frank financial regulatory bill, which was supposedly designed to prevent banks from doing something or other and protect consumers from overcharges has resulted in what every sane person knew it would result in, consumers having to pay more for banking. Bank of America is the latest bank to roll out a debit card fee, charging customers $5.00 per month because, under Dodd-Frank, they can no longer charge the fees they usually put on the merchants.

I'll be sending my bill to Congressman Barney Frank (D. Mass.).