Massive dislocations

Good morning campers!

It's gonna be a lot of fun keeping our eyes out for the seemingly unrelated indicators of our slip into corporate fascism ... like this from today's newspapeer:

TCF suit warns of 'massive dislocation'

TCF (a corporation, by the way), is suing the Federal Reserve (its own government regulator) arguing that the corporation is being denied its constitutional rights because the new financial reform law (ObamaFinance?) limits the fees large banks can charge on debit card transactions. According to TCF, it's a violation of the equal protection clause of the U.S. Constitution because it gives unfair advantage to the little banks. And, just for good measure, they want the Court to agree that the new fee limits are an unconstitutional "taking" of the corporation's private property.

Then, just to hammer home their point, TCF threatens that unless the new law is overturned, their "return on equity" (that's profit for the owners) will be harmed so much that they'll need a government bailout to stay in business.

Massive dislocations indeed.