The gang discusses the Durbin Marshall credit card bill and its potential impact on consumers and businesses. The bill aims to introduce competition in the credit card industry by allowing businesses to choose payment networks other than Visa and MasterCard. Proponents argue that this will lower costs and benefit consumers, while critics warn that it could lead to the reduction or elimination of credit card rewards programs.
They also discuss trains.
00:00 Introduction and Host Banter
09:20 Discussion of the Durbin Marshall credit card bill
28:43 The lobbying efforts of big retailers and airlines
32:59 The potential consequences of the bill for consumers
34:47 The Impact of the Durbin Amendment
38:38 Trains!
46:11 The Importance of Application and Better Infrastructure
01:08:34 Subsidizing Trains
01:14:35 The Challenges of Homeownership
01:17:32 Streamlining Plane Safety Instructions
01:21:44 Reviving the Whig Party
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