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70
Trump pitches capping credit card rates at 10%. (nypost.com)
posted 65 days ago by BerlinWallCrosser 65 days ago by BerlinWallCrosser +70 / -0
Trump suggests capping annual credit card interest rates at 10% — but critics fear ‘price controls’
“Trump just proposed his own version of price controls,” one economist said.
nypost.com
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▲ 18 ▼
– cringerepublic 18 points 65 days ago +19 / -1

Ban usury

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▲ 4 ▼
– The_Watcher 4 points 65 days ago +4 / -0

Agreed!

If I were to run a long-stay car park and then hire out the customers' cars for money I would be accused of fraud, or worse.

For a bank, that is a long-stay money park, that is quite normal! In fact, they can lend out your money several times over and charge interest each time.

That has to be a racket, doesn't it?

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▲ 1 ▼
– JohnBrowning 1 point 34 days ago +1 / -0

Yay for big government, I guess

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