How Can Steve Kagen Justify This?

From Owen at B & S.

"Wisconsin’s top bank leaders warn that the biggest rewrite of banking laws since the Great Depression will raise the cost of financial services for the public without addressing the root causes of the financial crisis. Bankers completing the Wisconsin Bankers Association (WBA) semiannual Bank CEO Economic Conditions Survey also report that demand for commercial and other benchmark loan categories remains weak throughout the state.

When asked how the soon-to-be enacted federal financial regulatory reform bill – commonly referred to as the Dodd-Frank Bill – will affect their bank, the 114 survey respondents overwhelmingly said it will increase compliance costs, limit revenue opportunities and may force them to charge for services that are currently free.

Bankers also expressed concern that the increased capital requirements in Dodd-Frank may reduce lending and slow the economic recovery. "
Boots and Sabers - The blogging will continue until morale improves...

So bank charges up, ATM fee's up, less loans for people and businesses that need it! How can Steve Kagen justify this?

Ladies and gentlemen, your Nancy Pelosi puppet congressman Steve Kagen.





Thank you Mr Kagen for working hard for the people of Wisconsin.