Do not listen to the pundits, plants and other posers pronouncing the nixing of bank debit card fees as some great victory for democracy

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Do not listen to the pundits, plants and other posers pronouncing the nixing of bank debit card fees as some great victory for democracy

Post by ironboltbruce on Tue Nov 01, 2011 6:46 pm

People! People! People! Do not listen to the pundits, plants and other posers pronouncing the nixing of bank debit card fees as some great victory for democracy that we should all go home and celebrate. The banksters threw us a bone, and that's all. They have trillions more dollars stolen, thousands more families displaced, and hundreds more lives destroyed - and in some cases taken - to be held accountable for...

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Re: Do not listen to the pundits, plants and other posers pronouncing the nixing of bank debit card fees as some great victory for democracy

Post by I Sue Banks on Tue Nov 01, 2011 8:52 pm

Absolutely! The 5 buck fee was a response to the provision of the Dodd Frank Act limiting how much the banks can charge merchants for debit swipes. This provision was heavily promoted by Walmart! So the banks just said if we can't get it from consumers via the store, we'll take it directly. Rolling it back does not affect the corrupt role of financial institutions in the slightest. They'll probably find a way to put the fee back when they think we're not looking, anyway.
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