pssst. who do you think will actually pay that?

It will come in the form of an admin fee passed down to the users, and in keeping with the Dems process of making it seem like they can't pass it on, it will be implemented over a number of years. :)

That's ok. Only rich people use banks anyway.

If one bank has a fee and another bank doesn't, how long before consumers figure this out and go to the bank without the fee? No, the banks will hide it somewhere, like in slightly lower interest payments, and hope nobody notices.

Do banks all charge the same fees now? People bank where they do for a variety of reasons, not just fees.

It doesn't matter where the banks put the fees, the point is that this new tax on the bad guy is really just another tax on you and your neighbors. way to play it straight Obama.

But if it's just as easy as sneaking/demanding more money from consumers, how were the banks ever broke in the first place? At some point customers will either refuse to pay more, or have no more to give.

The Credit Cardholder's Bill of Rights Act of 2009

Shouldnt the big banks and lending institutions that received TARP funds pay those funds back in full?

Agreed there is probably a better way, but what is to prevent passing those costs on under any proposal?

A great (not just good) law, long over-due. But of course, unfortunately, some of the worst offenders will spend big bucks to find loopholes.

And, nothing will ever replace more personal responsibility when it comes to credit cards and personal finances.

Oh, I agree, but it does take away some of the trickery that the powerful credit card companies employ.

I think it was Voltaire who said (what'd he say again?) :)

Banquiers! Bah, porcs bourgeois ... hors de leur tête.

:lol:

Don't forget these accomplishments
--1st president in 110 years to miss the annual Army-Navy Football Game.

---1st president to not attend any Christmas religious observance.

---1st president to stay on vacation after a terrorist attack

Add to that, he's the first President not to stay in Washington for Christmas for the last 20 years. Past Presidents did not leave Washington for Christmas vacation until after Christmas. This was done so that their staff (Secret Service, Air Force One Crew, Limousine transport, Presidential advancing logistics etc..) could be with their families for Christmas.

When his Chief of Staff whispered in his ear, "A second plane has just struck the World Trade Center", then Obama sat for 15 minutes in a childs chair. Did not move. Did not ask any questions. Simply waited to be told what to do.

When informed that the worst possible scenario - a category 5 hurricane - would strike a major American city, Obama flew to Orange County CA for a campaign fund raiser. And then to McCain's birthday party in AZ.

When a tsunami killed a half million people, Obama refused for a week to let the Eisenhower task force in Hong Kong go to their rescue. After all, Obama said six C-130s were assistance.

When his Sec of the Treasury arrived to discuss a four page memo on the economy, Obama's Treasury Secretary discovered Obama had never read it. So he spent two hours reading and explaining that memo to Obama point by point.

After being informed of the political agenda, Obama decided to send men to Mars.

After meeting with the German Chancellor, then Norway's Foreign Minister said Obama would destroy the Oslo Accords.

Oh. Sorry. George Jr already did that. Which proves wacko extremists must be smarter. Limbaugh has again told me how to think.

When terrorists attacked on 9/11, our president sat in a childs chair for 15 minutes without even asking one question. He must be so smart as to never need to ask anything.

Spud, dude....can you make that post any bigger and bolder?

Unpatriotic bastard!

God-less heathen!

Lazy irresponsible bum!

The Obama Trifecta and A Trifecta of Nonsense

It never ceases to amaze me that some are so consumed with hate that they buy into these inane viral e-mails without a second thought.

No presidential staff on hand for the last 20 years of Xmas? Oh sure.