It's Time to Choose what kind of Country you want..
Showing posts with label finance bill. Show all posts
Showing posts with label finance bill. Show all posts
Sunday, July 18, 2010
Saturday, July 17, 2010
About that Finance Bill that Webb and Warner Helped Pass...
from HotAir
Expect more fees on more transactions, including paying premium prices for doing business face to face with bank tellers and other employees. Banks will start demanding higher minimum balances and start charging higher fees on accounts that don’t make the cut. Bank of America will lose between $7 and $10 billion just on charges for debit and credit cards alone, money that will get made up by its customers somewhere.
In short, the bill will erode consumer buying power, harm retirement accounts that rely on the performance of financial institutions, and create more unemployment. What exactly did we get in return for all of this? An expansion of the regulatory bureaucracy that spent more time watching porn than protecting consumers the first time around.
Expect more fees on more transactions, including paying premium prices for doing business face to face with bank tellers and other employees. Banks will start demanding higher minimum balances and start charging higher fees on accounts that don’t make the cut. Bank of America will lose between $7 and $10 billion just on charges for debit and credit cards alone, money that will get made up by its customers somewhere.
In short, the bill will erode consumer buying power, harm retirement accounts that rely on the performance of financial institutions, and create more unemployment. What exactly did we get in return for all of this? An expansion of the regulatory bureaucracy that spent more time watching porn than protecting consumers the first time around.
Friday, July 16, 2010
Senators Webb and Warner voted Yea for another Obama Bill that will Destroy the Economy and buy off the Unions
Finance bill favors interests of unions, activists
The Price of a Vote " On the very day the Senate passes major bank reform, we learn dozens of senators or Senate employees received VIP loans from a company hip-deep in the subprime loan mess that the bank bill fails to address."
More on the bill here
The Price of a Vote " On the very day the Senate passes major bank reform, we learn dozens of senators or Senate employees received VIP loans from a company hip-deep in the subprime loan mess that the bank bill fails to address."
More on the bill here
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