Does it make sense to give banks fees when the consumer will ultimately pay? No. But that's exactly what President Obama is doing. His best friend Valerie Jarrett explains why this makes sense:
I got lost in the vortex of Bloggingheads hell and ended up listening to Michelle Goldberg and Ann Althouse yelling at each other. Michelle threatens to bail on the call when Ann pins her down on her inarticulate defense of Barack Obama's memoir Dreams Of My Fathers. Michelle can't defend analogizing Obama to Tolstoy and threatens to bail. She smoothed her hair and soldiered on.