I wouldn't put a lot of stock in real rate reform. What we'll see is some
minor rate reduction in the fees charged by banks as some sort of
congressional act. But nothing substantial, as the major banks will fill the
campaign coffers of the politicians.
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It would not surprise me to see legislation completely fail, as a majority
of the Republicans will block any bills from reaching the floor, under the
guise of more research from another committee. Many other countries have
already dealt with these issues and set real caps. The whole system is
generally rigged with no accountability.
Rick Ashley
Aloha Petroleum Ltd.
Honolulu, Hawaii
