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Old 05-13-2009, 05:28 PM
 
7,359 posts, read 10,282,499 times
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Senate Rejects Limit on Credit-Card Interest Rates - The Caucus Blog - NYTimes.com

The message is loud and clear: Our Congress is bought and paid for by the banking industry.
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Old 05-13-2009, 05:34 PM
 
5,165 posts, read 6,055,982 times
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Quote:
Originally Posted by MovingForward View Post
Senate Rejects Limit on Credit-Card Interest Rates - The Caucus Blog - NYTimes.com

The message is loud and clear: Our Congress is bought and paid for by the banking industry.
While I believe people have to be more responsible with their cards you are correct as well. Americans are letting the corporations and governments control them. This is all part of the NWO.
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Old 05-13-2009, 05:36 PM
 
Location: um....guess
10,503 posts, read 15,572,367 times
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Oh my god, this is just....I simply cannot believe it. WTH is going on here??? I'm seriously disappointed by this.
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Old 05-13-2009, 05:36 PM
 
2,095 posts, read 2,582,915 times
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I don't care how high my credit card interest rates go. I always pay off my balance at the end of the month. If there is something I can't afford, I wait until I save up enough cash. These evil credit card companies will never get one cent in interest from me.
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Old 05-13-2009, 05:38 PM
 
2,153 posts, read 5,540,175 times
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Thank you for making a great decision on this.
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Old 05-13-2009, 05:42 PM
 
4,173 posts, read 6,689,554 times
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CC companies have enough from both sides in their pockets. Term limits anyone?
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Old 05-13-2009, 05:53 PM
 
69,368 posts, read 64,143,658 times
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Quote:
Originally Posted by MovingForward View Post
Senate Rejects Limit on Credit-Card Interest Rates - The Caucus Blog - NYTimes.com

The message is loud and clear: Our Congress is bought and paid for by the banking industry.
Oddly enough, I think the message is loud and clear that if limits are put on the credit cards, then less people will have them, harming only the poor..
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Old 05-13-2009, 05:53 PM
 
35,016 posts, read 39,172,024 times
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Weeelll...it's business...always read the fine print and expect the worst....dont take on that expensive card.
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Old 05-13-2009, 05:54 PM
 
7,359 posts, read 10,282,499 times
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Originally Posted by delusianne View Post
Weeelll...it's business...always read the fine print and expect the worst....dont take on that expensive card.
No, it's not "business." It's--as Bernie Sanders said--"loansharking."

It's not a question of people "taking on" an "expensive card." It's the case of banks arbitrarily--with no restraint--hiking the interest rate on an existing account--up to 30%.

Sorry, but "business" doesn't get a pass on ethics.
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Old 05-13-2009, 05:58 PM
 
5,165 posts, read 6,055,982 times
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Originally Posted by MovingForward View Post
No, it's not "business." It's--as Bernie Sanders said--"loansharking."

Sorry, but "business" doesn't get a pass on ethics.
Loansharking? Nobody held a gun to the consumer who bought that 46" plasma on their creditcard then could not afford the payments.

Both parties have to be held accountable here.
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