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They'll do what any self-respecting, old-money hegemony would do: take some senators out for golf and steaks and write a big campaign check. They will lobby to
by callmeed 15y ago
They'll do what any self-respecting, old-money hegemony would do: take some senators out for golf and steaks and write a big campaign check.
They will lobby to implement more regulations with regards to "money transmitters" in the hopes of increasing their costs enough that they have to raise fees.
See: http://www.quora.com/Aaron-Greenspan/Posts/In-Fifty-Days-Payments-Innovation-Will-Stop-In-Silicon-Valley http://www.quora.com/Aaron-Greenspan/Posts/In-Fifty-Days-Pay...
- thinkcomp 15y agoThey won't have to try hard. There's only four states left (that don't regulate money transmitters)!