How Walmart and the Retail Lobby Used Regulatory Robbery to Squeeze Banks, Consumers

CARPE DIEM: How Walmart and the Retail Lobby Used Regulatory Robbery to Squeeze Banks, Consumers
Here's some more public choice economics to follow the post below about Google's Chairman - this public choice analysis comes from Washington Examiner's Tim Carney about the recent announcement that Bank of America will begin charging a $5 monthly fee to debit card customers:
"The real culprit is Walmart and the retail lobby, which used government to squeeze banks and fatten their own bottom line.
Walmart won, banks lost, and now customers are stuck with a new monthly fee.