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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
safeinOhio Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-23-09 11:21 AM
Response to Reply #8
11. Logic
Legalize loan sharks and let them take the risk. Oh, thats right, we are doing that.

I think there is something wrong when BOA charges me 19.99% interest and my local bank charges me 8.89%. Same risk, double the return. I think the only difference is that BOA is now loaning me back the money I bailed their asses out with. Well not anymore, I canceled. Every one needs to shop around and no one needs to pick the picture on their cards.
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  -credit card issuers say it is a 'risk' business so their customers should assume that risk ensho  Apr-23-09 10:40 AM   #0 
  - I would say that the stock market is a risk business where customers pay the risk  ellacott   Apr-23-09 10:43 AM   #1 
  - the market is different. everyone knows playing the stocks is gambling  ensho   Apr-23-09 10:57 AM   #7 
     - Well, according to that Credit card guy you quoted  ellacott   Apr-23-09 11:40 AM   #17 
  - It's only a "risk" business because they hand out cards like candy  Rabrrrrrr   Apr-23-09 10:43 AM   #2 
  - insurance - all types makes the customer pay for the  Fresh_Start   Apr-23-09 10:43 AM   #3 
  - isn't that a different kind of risk?  ensho   Apr-23-09 10:46 AM   #5 
     - actually its the same  Fresh_Start   Apr-23-09 01:51 PM   #22 
  - They make more money off defaults than customers who pay on time.  lonestarnot   Apr-23-09 10:45 AM   #4 
  - but the defaults penalties are a scam, a set up  ensho   Apr-23-09 10:47 AM   #6 
  - Actually they don't. n/t  remedy1   Apr-23-09 11:11 AM   #9 
  - He is essentially right.  remedy1   Apr-23-09 11:11 AM   #8 
  - Logic  safeinOhio   Apr-23-09 11:21 AM   #11 
     - Your local bank  remedy1   Apr-23-09 11:27 AM   #13 
  - They're still shoveling that line of bull sh*t? It's not true.  Democrats_win   Apr-23-09 11:13 AM   #10 
  - The fees they collect from merchants carry no risk.  Toucano   Apr-23-09 11:24 AM   #12 
  - Merchants don't have to pay the fees.  remedy1   Apr-23-09 11:28 AM   #14 
     - Do card issuers collect fees from the merchant or not?  Toucano   Apr-23-09 11:33 AM   #15 
        - Yes they do.  remedy1   Apr-23-09 11:44 AM   #18 
  - They can't manage their own risk, but they want  Still Sensible   Apr-23-09 11:39 AM   #16 
  - Wrong, It's not a large risk  Kajsa   Apr-23-09 11:45 AM   #19 
  - Where was our share of the profits?  MiniMe   Apr-23-09 12:06 PM   #20 
  - They wouldn't have that problem of "risk" if they did a better  Mudoria   Apr-23-09 12:55 PM   #21 
 

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