Right, and the banks will make out again with a favorable Fed funds rate while hard working Americans pick up the tab.
What are the odds that those same banks will not only not charge you interest for using their credit cards, but pay you 5% interest to go out and charge up a storm?
What they are doing is backwards from reality and common sense. Can you imagine punishing savings by subtracting 5% a year from accounts??
Where will these banks get the money to loan when there is nothing in their vaults?