Do I see a judo move here? Barney Frank et al pass regulations about debit card charges. The banks try to pass that loss on to consumers, and there is a huge movement (OWS is in part about that) that causes a huge shift in capital from these big banks. Was that the original goal? Is the Obama economics team going after the big, too big to fail, banks?
I see trouble ahead for the credit unions. After all, they don’t want to loan money to high risk people either.
” To Big to Fail” is Volker code for” We Will Crush You!”
Volker probably stole the idea from Nikita back in the 1950’s. I’ll bet my shoe on it!
Looks like the “2011 Run-on-the-Banks” is going according to the Obama/Dodd/Frank/Durbin?Reid/Porky Pelosi Bolshevik Plan.
Lenin would be SO proud!