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Reply #3: but this new capitalism is all about making money off the fine print [View All]

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CreekDog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-12-09 02:37 PM
Response to Reply #2
3. but this new capitalism is all about making money off the fine print
and getting people to buy your product/service based on things advertised in bold, and nullified somehow in the fine print.

i say regulate the hell out of that.

(i almost never carry a balance and never carry one over $1000, however after i left school and ran out of money while looking for work, my balances went over $3000, but it was that or eating and was quickly paid down once i had steady work)
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  -Perhaps the Year's Most Biased Article: "The Real Problem with Credit Cards: The Cardholders" KamaAina  May-12-09 02:19 PM   #0 
  - The article does have a point, you know.  Raskolnik   May-12-09 02:28 PM   #1 
  - What's really biased is the headline: "The *real* problem with credit cards"...  KamaAina   May-12-09 02:42 PM   #6 
  - Well, things *would* be a whole lot better if we lived within our means  Raskolnik   May-12-09 02:46 PM   #10 
  - What about those people who are responsible with their cards?  hobbit709   May-12-09 03:03 PM   #18 
  - If you carry little or no balance on the card, I'm not sure what the problem is.  Raskolnik   May-12-09 03:14 PM   #23 
     - When your interest rate jumps to 30% from 12%  hobbit709   May-12-09 03:21 PM   #26 
        - "I'd run every card I owned up to max and then say 'Fuck You'"  Raskolnik   May-12-09 03:23 PM   #27 
        - I'd just be returning the same attitude.  hobbit709   May-12-09 03:30 PM   #28 
           - Would you keep all the stuff you bought? n/t  Raskolnik   May-12-09 03:34 PM   #31 
        - seems to me that it screws them too  hfojvt   May-12-09 03:35 PM   #32 
  - Maybe those credit card companies shouldn't have changed the rules  Warpy   May-12-09 03:05 PM   #20 
     - I'm not defending unfair or deceptive practices, but you cannot reasonably argue  Raskolnik   May-12-09 03:15 PM   #24 
        - People are responsible for being suckers  Warpy   May-12-09 03:31 PM   #29 
           - I don't disagree with that at all. n/t  Raskolnik   May-12-09 03:33 PM   #30 
           - I don't know if that is generally true  hfojvt   May-12-09 04:14 PM   #33 
  - I don't exactly disagree with this one.  gcomeau   May-12-09 02:31 PM   #2 
  - but this new capitalism is all about making money off the fine print  CreekDog   May-12-09 02:37 PM   #3 
  - No argument.  gcomeau   May-12-09 02:41 PM   #5 
  - I saw a documentary about credit & one couple said they didn't worry  CrispyQ   May-12-09 03:05 PM   #19 
  - The Real Problem with Health Care Crisis: People Who Get Sick  tj2001   May-12-09 02:40 PM   #4 
  - E komo mai (welcome) to DU, tj!  KamaAina   May-12-09 02:43 PM   #8 
  - Hi tj2001... welcome to DU!  redqueen   May-12-09 02:46 PM   #11 
  - Welcome to DU  Warpy   May-12-09 03:06 PM   #21 
  - Again, basic business math skills are no longer taught in schools  Zywiec   May-12-09 02:42 PM   #7 
  - nothing new in this. it's not the reason the economy tanked.  Hannah Bell   May-12-09 02:48 PM   #13 
  - I agree with some of what they are saying.  Vickers   May-12-09 02:45 PM   #9 
  - The author give the game away right here  gratuitous   May-12-09 02:47 PM   #12 
  - when times are good, they tell you you're a fool not to take out debt to buy assets.  Hannah Bell   May-12-09 02:52 PM   #14 
  - I agree. Time seems to be arguing the idea that everyone is a stoic, i.e.,  closeupready   May-12-09 02:53 PM   #15 
  - This is an excellent article  Bill McBlueState   May-12-09 02:57 PM   #16 
  - Precisely my point -- yet the headline makes it seem like it's all our fault  KamaAina   May-12-09 03:01 PM   #17 
     - got it  Bill McBlueState   May-12-09 03:18 PM   #25 
  - One huge problem is that credit card companies  Rob H.   May-12-09 03:07 PM   #22 
     - Soon as they start charging me for prompt payment....  Uben   May-12-09 05:22 PM   #34 

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