I had another point I wanted to make in my blog about Free Checking and I realized that I forgot to say it.

Marianne Lake, the evil genius who runs Chase Bank, explained that the elimination of free checking was due to the government cracking down on banks for their late and overdraft fees. She also warned that the end of free checking was going to have the biggest impact on the people who can least afford it.

This is the standard business reaction to anything government does to help regular people. It is actually bad for regular people because business will just find some way around it. You see, Business is trying to do the right thing but Government is forcing their hand. Government is making us hurt regular people because they want to regulate the way business treats regular people. In other words, since Government is preventing banks from screwing regular people one way, banks will just find another way to screw them and it’s all Government’s fault. Lake’s concern for regular people is underwhelming.

Furthermore, who exactly does she think is paying the exorbitant late and overdraft fees now? Billionaires? Vulnerable people are already being taken advantage by her bank just in a different way. Doing away with Free Checking is just another new way to take advantage of them.

So fuck you Marianne Lake and your phony concern for vulnerable customers.