"For us to have a healthy financial system, that requires that banks and other financial institutions compete on the basis of the best service and the best products and the best price," he said. "It can't be competing on the basis of hidden fees, deceptive practices or, you know, derivative cocktails that nobody understands and that exposed the entire economy to enormous risks." Using a populist tone aimed at voters, Obama chided banks and Republicans for trying to repeal the reform measures. Uhmm. Barack you putz, it was a Democrat who fucked up your plan...... After Sen. Dick Durbin, D-Ill., successfully added his "swipe fee" amendment to last year's Dodd-Frank financial regulation bill, he promised, "By requiring debit card fees to be reasonable ... small businesses and their customers will be able to keep more of their own money." That was the theory, at least.