The Blog

Obama to Accept Nomination at Bank of America Stadium

10:14 AM, Jan 17, 2012 • By DANIEL HALPER
Widget tooltip
Single Page Print Larger Text Smaller Text Alerts

As Politico notes, "President Obama will formally accept the Democratic nomination at Bank of America stadium in Charlotte, N.C."

Byron Tau notes that Obama will be "accepting the nomination at a stadium sponsored by a financial institution in a year of intense anti-Wall Street sentiment." 

And back in October, Obama blasted Bank of America for charging a fee for a service: 

President Barack Obama on Monday pointed to Bank of America Corp.’s decision to charge some of its customers a $5 monthly fee for debit-card purchases as an example of why the U.S. needs a strong consumer watchdog.

In an interview with ABC’s George Stephanopoulos, Mr. Obama said the debit-purchase fees are “exactly why we need somebody whose sole job it is to prevent this kind of stuff from happening.” The decision by Bank of America and other banks to charge debit-purchase fees has sparked outrage among some consumers, and Mr. Obama said he hopes that banks discover on their own that raising fees is not a good business practice.

Hmm. One wonders how Occupy Wall Street will take the news  . . .

Recent Blog Posts

The Weekly Standard Archives

Browse 18 Years of the Weekly Standard

Old covers