Tuesday, May 4, 2010

Quote of the day

The quote of the day comes from MasterCard CEO Robert Selander, weighing in on the chances of Congress attacking the "swipe fees" that Visa and MasterCard charge vendors.

From Bloomberg:

“The motivation behind this is really to put merchants in a position where they don’t pay their fair share,” MasterCard Chief Executive Officer Robert W. Selander said today after the Purchase, New York-based company said first-quarter net income climbed 24 percent to $455 million. “We think that Congress understands that you can’t give anybody a free lunch.”

Really, Robert?  You think Congress understands anything?

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