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#1423228 - 08/03/10 02:09 PM
Sen. Chuck Schumer
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Joined: Jun 2004
Posts: 19,854
Pulling people out of the ditc...
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in discussing the loss of revenue banks will suffer with the new interchange rules and how many banks will now eliminate free checking to make up lost income...
"Americans are about to get socked."
He actually criticizes banks for the nerve of planning to eliminate free checking accounts. You think this is an indication of how little members of Congress understand a free market economy? Or how little they realize that knee-jerk reaction laws they pass impact people, industry, business, etc?
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#1423272 - 08/03/10 02:48 PM
Re: Sen. Chuck Schumer
QCL
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under the Lone Star
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we can make it up on volume!!!
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Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.
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#1423312 - 08/03/10 03:20 PM
Re: Sen. Chuck Schumer
HappyGilmore
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Joined: Nov 2003
Posts: 12,846
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in discussing the loss of revenue banks will suffer with the new interchange rules and how many banks will now eliminate free checking to make up lost income...
"Americans are about to get socked."
He actually criticizes banks for the nerve of planning to eliminate free checking accounts. You think this is an indication of how little members of Congress understand a free market economy? Or how little they realize that knee-jerk reaction laws they pass impact people, industry, business, etc?
Complete disconnect. It's as if these commissars think that whatever they order will be accomplished with no thought to the required return on invested capital.
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#1423352 - 08/03/10 03:55 PM
Re: Sen. Chuck Schumer
straw
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Joined: Aug 2006
Posts: 6,577
Down Yonder
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I foresee a new law that requires banks to provide a basic, free checking account. One that comes with a standard $500 line of overdraft coverage, that we cannot charge the customer for using? 
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#1423369 - 08/03/10 04:04 PM
Re: Sen. Chuck Schumer
Bobby Boucher
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Joined: Nov 2004
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So Cal
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I foresee a new law that requires banks to provide a basic, free checking account. One that comes with a standard $500 line of overdraft coverage, that we cannot charge the customer for using? BoBo, of course free OD coverage should be a right! It's just so embarassing to be rejected when you try to buy something and don't have the money to pay for it (gov't excluded).
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#1423853 - 08/04/10 12:55 PM
Re: Sen. Chuck Schumer
straw
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Joined: Jul 2002
Posts: 5,568
New Jersey
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I foresee a new law that requires banks to provide a basic, free checking account. They will show us evil bankers who is in charge and keep reminding us until we get with the program. Actually, New Jersey mandated such a product a number of years ago, for NJ banking institutions. Yeah, we're number one!
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Management is doing things right; leadership is doing the right things. Peter Drucker
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#1423906 - 08/04/10 01:57 PM
Re: Sen. Chuck Schumer
HappyGilmore
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but there is a good man in charge up there now....
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#1424009 - 08/04/10 03:09 PM
Re: Sen. Chuck Schumer
Pale Rider
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Joined: Aug 2002
Posts: 3,275
Quadrupletville, Texas
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And don't forget, Chuckie opened his cavernous mouth regarding IndyMac which started the ball rolling on all that mess. Nice to know he is so informed about banking, and everything else!
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#1424018 - 08/04/10 03:22 PM
Re: Sen. Chuck Schumer
HappyGilmore
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Gold Star
Joined: Oct 2005
Posts: 257
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Time to ask: Who is John Galt?
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#1424937 - 08/05/10 07:54 PM
Re: Sen. Chuck Schumer
QCL
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Joined: Nov 2008
Posts: 4,132
Somewhere in the middle
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Not sure, I will look for it tonight.
My favorite was the one with the girl from ER, and it had Will Ferrel in it (played the dad). She goes to dinner at the BFs house (same guy who was the spokes man in the "stuff" skit) and finds out he has a no saliva, and his dad (Ferrel) chews his food for him then feeds him "like a bird." OMG!!!!
The BFs little brother comes home and has an apple pie from McD's and ask the GF to "feed him". So she does...TOO funny..and gross.
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, watched that last night. I hadn't seen that one before, we should make it a public service announcement.
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