But that was not important to Democratic lawmakers; here's what was really important to them:
From Kanjorski on Jamie Dimon: 'I Took His Ass on and I Won' - CNBC, by Jeff Cox, 2011 January 10
Kanjorski, a 13-term Democrat and senior Finance Committee member from northeastern Pennsylvania, bragged in a recent interview with local media that he took on the omnipotent Dimon and won.
In an interview with the Scranton Times, Kanjorski was asked why he decided to run for re-election in the face of so much anti-incumbent fervor last year.
“It’s no heroic thing, but I could have just as easily walked away. I could have taken a job on Wall Street for millions,” said the congressman who wrote a good portion of the Dodd-Frank financial services reform bill, particularly the part addressing too-big-to-fail banks. “I was their greatest scourge, for Christ’s sake.”
Addressing his specific battle grappling with the titans of the Street, Kajorski thumped his chest, insisting, “I was the guy that stuck my thumbs in all their eyes.
“There were guys like Jamie Dimon, they’ll never forget me... He’s probably considered the most powerful banker in the world and I took his ass on and I defeated him. Not openly, nobody in the public knew... He tried to lead a cause to stop the Kanjorski amendment and the Volcker rule of incredible portions.” ..... < snip > Former Rep. Paul Kanjorski may have been a victim of the November electoral “shellacking” handed out to him and his fellow Democrats, but in his mind he took one big prize down with him: JPMorgan Chase CEO Jamie Dimon.
Thank you for your unadulterated hubris and display of unchecked government power in "sticking your thumbs" into eyes of millions of people who can't even get credit now and those who will have to pay for it, ex-Congressman Kanjorski... You are out on your ass now.
Aren’t the ‘poor’ already paying the fees now? I mean its in the price of whatever they are buying.
Competitors appear:
https://www.greendotonline.com/greendot
They can do it cheaper than the banks, apparently.
Of course if they could not get money from the fed at zero percent then they would appreciate the use of customer money.
How about an omnibus “stick your thumbs in Obama’s eyes” law?
Congress should pass a law repealing every law enacted since the Bamtard’s inauguration, including laws created by fiat of a government bureau.
Each and every one of them, in all particulars.
The local ARCO gas stations charge a 45 cent “convenience fee”
to purchase gas with a debit card. Credit cards are
not accepted at all. Cash is messy and usually
requires going into the store and standing in line
at the register before pumping, then again to get
change and a receipt. That standing around could
easily add 10 to 15 minutes to the transaction
time to dodge the 45 cent charge.
“Women and children hardest hit!”
Woe is them.
This would mean that next year their collective bonus pool will only be $131 billion, rather than the $144 billion it is this year.
Color me unsympathetic.