They have already raised (rates) a couple of times. It's not a lot, but it adds up.

Greenspan is not going to wake up in June of next year and say 'I should have really raised rates more aggressively.' His legacy of price stability is pretty secure so I don't think the last six months of his tenure will destroy it for him.

What can I tell you about myself that you have not already found out from those who do not lie?

But you are not the son I gave birth to, bathed and raised. ... I do not have a son anymore. This will be the last you will see me. That love has been destroyed and will never be there again.

We're not opposed to a cost-based interchange. The problem is the banks got greedy and raised the rates just to make more money. If interchange was actually cost-based, it would effectively disappear. In Australia, the interchange rate is less than half a percent. And Canada is a great example: Business is thriving even though the interchange rate is zero.

We might not be popping the champagne bottles yet, ... but we're chilling them already.