TheRealMafoo said:
You can't do this. The interest rate is there revenue, and it's based on there costs. If Obama is going to change the rules, so there costs go up, you can't penalize them by not allowing them to adjust there income. |
The interest rate is PART of their revenue. There is a service charge for every transaction you engage in that goes directly to them, typically 1-2%. There are also all kinds of little programs people enroll in (willfully or unwillfully, they enrolled me in programs before with me telling them NOT to cause they are dishonest pieces of shit) that make them money.
I find it just hysterical that you are defending the credit card companies who just raised your rates, and then turning around and blaming Obama for THEM raising your rates. They were already raising rates on people across the board before this legislation even got out of committee.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
