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 AVDRespice, Adspice, ProspicePremium
join:2003-02-06
Onion, NJ | reply to hitachi369
Re: Chase has gone mad. Raised my APR by 3 times said by hitachi369:said by IT Guy:There definitely needs to be a cap on how high interest rates can go, it's highway robbery, not capitalism. You're not being forced to do business with any credit card company. Lending is regulated. There already are usury laws, the gov't is just fine tuning credit card rules already in place. | |
 IT GuyOw, My BallsPremium
join:2004-07-29
Las Cruces, NM | Yeah, loosely regulated. Wish I had lobbyists and millions of dollars to bribe politicians with, in order to push my agenda.
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My time is a piece of wax, falling on a termite, that's choking on a splinter. --Beck | |
 Mr NeutronLooks like I picked the wrong week toPremium
join:2005-05-30
Gorham, ME | said by IT Guy:Yeah, loosely regulated. Wish I had lobbyists and millions of dollars to bribe politicians with, in order to push my agenda. Sounds like someone's catching on to the true nature of regulation. 
When all is said and done here, the only thing that will actually have happened is that some cost-shifting will have taken place. That is, the card companies will likely make the same amount of money, with the only thing different being the particular consumers the money is extracted from.
What's even better is that a lot of the people who work for the Feds end up going into the private sector, working for the same firms that their former bosses are (ostensibly) supposed to be regulating. Which can have a dramatic effect on the outcome of lobbying efforts to say the least.
But hey...it's all honest and aboveboard! 
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We could use the £5,000 to buy a spoon. And then fill up with ice cream. | |
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