Much ado about nothing
Prior entries on this topic argued that federal politicians have no business micro-managing bank fees; and that NDP howling on the subject, prompting sympathetic Tory government posturing, amounts to little more than nuisance populist politics. I may be in the minority but I’m certainly not alone in that opinion.
In two recent columns in the Financial Post, people much more expert than I weighed in. Yesterday Marcel Latouche maintained that more bank competition, not fee regulation are in order. And today Robert Crandall and Hal Singer debunked a Globe and Mail editorial with, of all things, "facts". They observed, for example, that "...Canada has far more ATMs than most countries". More regulation would soon change that fact.