3 Quotes by Kenneth Posner

It is not clear that the issues raised in the Dow Jones report would be material financially,

Payment associations have market power because they are owned and controlled by groups of banks. The public MasterCard would have independent directors and a governance system that would make it clear that it would not be attempting to collude in setting an interchange fee.

Critics tend to talk about subsidies and look at Fannie and Freddie in isolation, forgetting that banks and thrifts are also subsidized,