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Little Dick Durbin Wants A Run On Banks

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Published on Oct 4, 2011

America... Take Notice, This Man (Dick Durbin) Who Is Now Calling For A Bank Run On Bank Of America, Is Personally and Solely Responsible For The New $5 Fee You Will have To Pay and Any Bank Runs That Happen Due To This Temporary Politicians Negligence and Utter Stupidity, Shall be his own doing!

I'm going to be as nice as I can, as I write this, for I'm about to blow a blood vessel and probably have an Aneurysm! Nothing get's to me more then Hypocrisy Laced Lying Politicians that cause unnecessary problems for citizens, with their irresponsible and destructive policies and then blame the very people that are affected by these irresponsible destructive decisions!

Enter the utterly incompetent Little Dick Durbin who said Today on the Senate floor, "Bank of America customers, vote with your feet, get the heck out of that bank," and "Find yourself a bank or credit union that won't gouge you for $5 a month and still will give you a debit card that you can use every single day. What Bank of America has done is an outrage."

Let me make this clear... I hold Dick Durbin Personally and Solely Responsible for this $5 dollar fee that Bank of America and other banks are now going to charge it's customers!

If we had a "Dim Bulb of the Year" award, we would give it to Sen. Dick Durbin, D-Ill. How better to honor someone who so ostentatiously proposes a policy with obvious unintended consequences, then gets angry when they predictably come to pass?

During the debate over the Dodd-Frank financial reform bill, when Democrats controlled Congress, Durbin insisted on including an amendment that had nothing to do with Dodd-Frank's stated aims of stable banks and consumer protections. The Durbin amendment granted regulators the authority to establish price controls on what banks could charge merchants that accepted their customers' debit cards as payment. The resulting regulations, which took effect Oct. 1, limit what banks can charge merchants to no more than 24 cents per debit card transaction.

Critics pointed out that banks, facing $6 billion annual losses from this change, would shift the costs of debit cards from merchants to bank customers. Sure enough, Bank of America and several of its largest competitors -- including Wells Fargo, PNC, HSBC, SunTrust, TDBank, and Chase -- will be imposing various new fees on their customers to make up for Durbin's folly.

Durbin shrugged off such warnings, suggesting that those who disagreed with him were motivated by greed and "on the side of Wall Street banks and credit card companies." He absurdly claimed that the debit card fee cut would help to prevent banks "up on Wall Street" from causing another financial crisis -- a non sequitur so completely disingenuous that it can only be called a lie. Durbin acted to help the merchants who pay for the convenience of debit cards. But what he has actually done is made the lives of bank customers more difficult, as they will now be charged more to access their own money.

Every time you pay that extra "Durbin Fee" to use your bank card, remember that this is what happens when "progressives" govern. They undo progress and make ordinary Americans' lives harder.

Other than the complete idiot Joe Biden, you can't find anyone more stupid then Durbin!


Little Dick Durbin: Hey, who's up for a bank run on BofA?
http://hotair.com/archives/2011/10/04...

"Dick Durbin Fees" are coming, thanks to 'Progressives'
http://washingtonexaminer.com/opinion...

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