I find it interesting that we have not heard a peep from the banks. Now banks do not normally comment on current events, but given how significant a cost enforcing the UIGEA’s regulations was(ugh, not is, was) on them I would have expected some sort of statement. It makes me wonder. For years the banks have had considerable influence on Capitol Hill — they are long-time residents of Gucci Gulch. And they are the ones that benefit the most by the closing of the sites (public morals aside, of course…dripping with sarcasm…). So their silence is damning.
I hope some day we learn the truth about the bank’s role in this, if any. Cause with all the banking options (brick-and-mortar and online, see a parallel…?) I just may choose to take my money to one that did not lobby in favor of UIGEA enforcement.
