When Visa and Mastercard pulled out of Russia, they forgot that not one Russian who owes them anything will (or even can) ever pay them back. BOOM!

posted 2 years ago by vetpatriot17 2 years ago by vetpatriot17 +90 / -0

These corporate leaders are retarded. Creating losses for shareholders through idiocy.

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– bubble_bursts 1 point 2 years ago +1 / -0

Is this confirmed anywhere? I was listening to RoadToRoota today and he said the same thing. I would love for this to be true, but sounds like something they may have taken care of ...

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– vetpatriot17 [S] 4 points 2 years ago +4 / -0

Straight from Visa:

SAN FRANCISCO--(BUSINESS WIRE)--Mar. 5, 2022-- Visa Inc. (NYSE:V) today announced it is suspending its Russia operations.

Effective immediately, Visa will work with its clients and partners within Russia to cease all Visa transactions over the coming days. Once complete, all transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation.

https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.18871.html

If I'm Putin, I'd ban the use of Visa everywhere in the nation, block all website access to Visa and card issuers, and let them eat their losses.

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– bubble_bursts 1 point 2 years ago +1 / -0

Thanks for this. I would think this is the play too. What has Putin got to lose at this point? He will get some points from his people by doing this :)

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