Obama blasts Bank of America's new debit card fee

The Hill reports:

President Obama joined fellow Democrats in blasting a new fee on debit card users announced by Bank of America, arguing that banks do not have an "inherent right" to a certain amount of profits.

The bank has come under a hail of criticism after it announced Friday it would begin charging debit card users $5 a month, with one Democrat even calling for customers to abandon the bank.

Senator Obama voted to bailout Bank of America with TARP money. President Obama signed the Dodd-Frank bill , making it law. Now strongman Obama is complaining about banks raising fees. Imagine that.