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To: Steve1999

while 15% certainly looks like plenty of interest,
the simple fact is that banks wouldn’t be able to extend the credit to less people (that is, more folks wouldn’t be able to get credit cards)

I suspect that a lot of them would be Bernie/AOC voters, too?


67 posted on 05/09/2019 12:27:45 PM PDT by faithhopecharity ( “Politicians are not born; they are excreted.” Marcus Tullius Cicero (106 to 43 BCE))
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To: faithhopecharity

The banks’ choice would be between less profit and no profit.

At the end of the day they’d grumble, but acquiesce.


68 posted on 05/09/2019 12:32:09 PM PDT by Buckeye McFrog
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