Back in February, when we thought $50.00 a barrel crude oil was too much, the banks were reaping huge windfalls from their merchant interchange fees. But now. Now, with gas nearly 100% higher - in just eight months, think of the shared gouging that is being practiced by the financial institutions. What other business can demand a nearly 100% price increase and in a matter of a few months? We are talking billions of dollars, but the banks and their market power are remaining silent on how they can justify these fees.
"$105 a Barrel" Would Mean More Windfall Profits for Credit Card Companies (WayTooHigh.com) (Originally posted on May 26, 2006)
[Commentary: WayTooHigh.com]
