rlewer
0p4 comments posted · 0 followers · following 0
14 years ago @ Cranach: The Blog of V... - A flu by any other name · 0 replies · +1 points
14 years ago @ Cranach: The Blog of V... - Credit card reform · 0 replies · +1 points
Besides, credit cards are not a small business.
15 years ago @ Cranach: The Blog of V... - Credit card reform · 4 replies · +1 points
The business model of the credit card companies is to entice you into enough debt so that they own you and can continue to charge ever higher interest rates and penalty fees. They deserve whatever the government does to them.
Credit card companies should not need to charge interest. They charge the stores at least 3% on every sale. That totals to a huge amount.
I seem to remember a time when states had usury laws that limited interest charges.
15 years ago @ Cranach: The Blog of V... - The New Foundation · 0 replies · +1 points
When he was referring to not going back to building on sand, he was referring to the free enterprise system. Scary!