I have moved over to the "it's not the uncertainty" camp. The president's statement below seems to make it absolutely certain what rewards are likely to lie ahead for those dare to dream of profit:
“This is exactly why we need this Consumer Finance Protection Bureau that we set up that is ready to go," Obama said. "This is exactly why we need somebody who's sole job it is to prevent this kind of stuff from happening. ... You can stop it because if you say to the banks, ‘You don't have some inherent right just to – you know, get a certain amount of profit. If your customers – are being mistreated. That you have to treat them fairly and transparently.”
The story is reported here: Obama Blasts Bank of America's Debit Fees.
Is this really the type of language that is expected to instill the confidence that is needed to stimulate investment? And do people really believe that they will not pay for services rendered if this this (more transparent) fee structure is prohbited?
“This is exactly why we need this Consumer Finance Protection Bureau that we set up that is ready to go," Obama said. "This is exactly why we need somebody who's sole job it is to prevent this kind of stuff from happening. ... You can stop it because if you say to the banks, ‘You don't have some inherent right just to – you know, get a certain amount of profit. If your customers – are being mistreated. That you have to treat them fairly and transparently.”
The story is reported here: Obama Blasts Bank of America's Debit Fees.
Is this really the type of language that is expected to instill the confidence that is needed to stimulate investment? And do people really believe that they will not pay for services rendered if this this (more transparent) fee structure is prohbited?
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