In the wake of Federal banking reform to help defaulters, fees go up for all. Who knew?

Who indeed? Its not like this wasn't a predicted consequence of reducing charges on those who don't pay their credit card bills on time or overdraft their accounts.

The Detroit Free Press: Banks hit customers with higher fees -- and more of them

Well, Prof Todd Zywicki of the Volokh Conspiracy certainly did. He gets one free "I told you so" to everyone that claimed it wouldn't happen. However, that doesn't make the increased fees any more palatable.

As usual with this administration, and Democrats in general, the responsible are stuck with the increased costs and those who are irresponsible are relieved of, or get reduced, consequences for their actions as everyone pays for their failings.

Update: A similar and thoughtful post from The Blogprof: Thank a Democrat: Banks hit customers with higher fees -- and more of them because of increased government regulations