It's def about money. Just not yours.
All of you sound like you're approaching that age where nothing good can come from anything that might require you to adopt new skill sets by way of technical advancement. This is a huge boon for everybody involved. Overall the internets stand to reduce overall energy use by way of eradicating enormous amounts of bandwidth currently devoted to the goose chasing fallibility our current password processing and its logistical hoops eats up. Of course the big three stand to make a buck or two on upgrades but you'll be waxing even more nostalgia from bed by the time your arguments are archived. Until then, keep in mind FIDO was proposed by the W3C and the big 3,4,5, 8 or 9 or whomever your fear mongering monkey minds want to rage against, they ALL stand to save a serious ton of money currently spent in supporting lazy users who refuse to think creatively when it comes to adopting good technology and how to work with it rather than against it (I.e., ask your kids dishwashing buddy how he manages his fingertips and with biometric logins). You all complain too loudly only to eventually forget stashed that one piece of paper listing the 15 usernames and passwords they use for every login form they encounter. For god sakes don't keep it file on your 'tried and true' now obsolete phone that's going to die maybe tomorrow from over exhaustion. Go with the flow bro and use your heads and your time wisely. Don't ever forget your first Motorola beeper.