AN EXERCISE IN THE MECHANICS OF CRONYISM AND THE USEFULNESS OF USEFUL IDIOTS

Crony Capitalism in five easy steps!

Step One:  Warren Buffet, after a conversation with President Obama, loaned Bank of America $5 billion, even though BofA was protesting loudly that they were sound and didn't need a bailout. 

Step Two:  Bank of America makes headlines by deciding to pass on the costs of the Frank-n-Dodd regulations to their account holders (as opponents of the law forecast last summer) in the form of a $5 per month fee for use of debit cards (not including ATM withdrawals).  Rest assured the other banks will be following suit - after BofA takes the heat for them, of course.