Friday, October 7, 2011

Blog: How much is too much profit? Ask Obama

Blog: How much is too much profit? Ask Obama: Barack Obama believes he should decide how much we should earn. Just in the last few days he went into his favorite mode: attack dog.

When Bank of America decided to respond to the Durbin amendment (which cut down the charges they could charge merchants when debit cards are used to pay for purchase) by charging customers five dollars a month should they decide to use debit cards, Barack Obama attacked the bank by stating that they should only earn a "certain amount of profit."

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