Page 1 of 1
The Durbin Fee
Posted: Wed Oct 05, 2011 2:11 pm
by tbrown
http://articles.chicagotribune.com/2011 ... -retailers" onclick="window.open(this.href);return false;
Sen. Dick Durbin must be forgetting that once you've dug yourself into a deep hole, you'd best stop shoveling.
How else to explain the Illinois Democrat's blustery reaction to the $5 a month that Bank of America Corp. plans to charge some of its customers who use debit cards? The charge, which other banks are likely to adopt, is a direct result of his lawmaking. Call it the Durbin Fee.
Re: The Durbin Fee
Posted: Wed Oct 05, 2011 2:14 pm
by OldCannon
tbrown wrote:Call it the Durbin Fee.
[/quote]
I like "Durbin Tax" even better. It puts everything in the proper frame of reference
Re: The Durbin Fee
Posted: Wed Oct 05, 2011 3:06 pm
by sjfcontrol
lkd wrote:tbrown wrote:Call it the Durbin Fee.
I like "Durbin Tax" even better. It puts everything in the proper frame of reference
"Durbin's Folly"??
BofA is my bank -- and Durbin is saying "Get the heck out of Bank of America". Can you say, "Bank run"???
Re: The Durbin Fee
Posted: Wed Oct 05, 2011 3:08 pm
by tbrown
sjfcontrol wrote:"Durbin's Folly"??
Be more specific.