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House's Frank Asks Supercommittee to Impose Fee on Biggest Banks

US Politics & Gov't  (tags: Barney Frank, Supercommittee, banking )

- 2711 days ago -
U.S. Representative Barney Frank urged members of the congressional committee charged with reducing the U.S. budget deficit to impose a fee on large banks like Goldman Sachs Group Inc. and JPMorgan Chase & Co.


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William K (308)
Sunday October 16, 2011, 9:59 am
How about busting them up, too? Too big to fail is the problem.

Fiona Ogilvie (562)
Sunday October 16, 2011, 12:32 pm
Barney Frank is another man of the people like Vermont's Bernie Sanders I hope he will be able to have fees placed on banks.

Ralph R Sutton (56)
Sunday October 16, 2011, 4:20 pm
If banks can pay out those huge bonuses they can certainly afford to pay the fee with no problem. My hat is off to Barney Frank, a man of the 99%.

Marcia Singer (1)
Sunday October 16, 2011, 6:27 pm
I have to agree. These big banks took our taxpayer-funded bail-out money and ended up with extraordinary profits; however, none of that money found its way back into our taxpayers' pockets. And now these big banks are further adding insult to injury by charging debit card usage fees to their individual checking account holders. Their argument? "We have the right to make money." Excuse me? What's wrong with this picture?

Carol H (229)
Sunday October 16, 2011, 7:38 pm
thanks Myron, noted

Robert S (111)
Sunday October 16, 2011, 8:10 pm
Banks have so far shown that they will find a way to pass this on to customers. So the answer becomes...don't be a customer. They think they have us by the balls, and if you stay with them and pay the "new" fee...they do.

Shane C (3)
Sunday October 16, 2011, 9:32 pm
Noted, thanks.

Past Member (0)
Sunday October 16, 2011, 9:43 pm

Own your own bank! Put your money in a Credit Union. Click on the link above, enter your zip-code to get a list of CU's and FCU's in your area. There's a lot of info on this site that explains what they are and how they work.

Robert S (111)
Sunday October 16, 2011, 10:21 pm
Thanks 3H, good tip.

Past Member (0)
Monday October 17, 2011, 5:44 am
And this is surprising? What is it that is wasn't included in the Dodd–Frank Wall Street Reform and Consumer Protection Act .

Carol Traxler (5)
Monday October 17, 2011, 8:39 pm
Way to go Barney!!!

P A (117)
Wednesday October 19, 2011, 12:56 am
Excellent idea and should be adopted all over the world.

Lynn S (235)
Thursday October 20, 2011, 11:36 pm
“Revenues must be a part of any Joint Select Committee proposal, otherwise crucial programs within the jurisdiction of the Financial Services Committee and across the government will be at risk of devastating cuts,” Frank wrote.
This is not new --- the balanced approach is usually the best approach. If you want to lose weight, diet alone will not do it. You must diet and exercise. This is no different.

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