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Reply #2: Because credit card companies paid a lot of money to write the laws [View All]

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ThomCat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-14-09 01:23 PM
Response to Original message
2. Because credit card companies paid a lot of money to write the laws
that way. x(

They want the ability to charge you outrageous amounts, and to increase rates and fees as will, so they pay politicians to give them that right.

They don't want you being able to sue them for any significant amount of money, and they want it to be difficult for you to sue them, so they pay politicians to protect them from lawsuits.

x(

It is the inevitable consequence of the court decision that says that money = free speech. Those with more money have more speech. Those with less money aren't heard at all.

:(

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  -Why are credit card companies allowed to raise their rates, but ... ColbertWatcher  May-14-09 01:20 PM   #0 
  - You have to remember the context  Fresh_Start   May-14-09 01:23 PM   #1 
  - Wonderfully succinct!  Delphinus   May-14-09 01:24 PM   #3 
  - I wonder if that is becoming offical under legal doctrine yet.  ThomCat   May-14-09 01:25 PM   #5 
     - consumers as customers  Fresh_Start   May-14-09 01:29 PM   #7 
  - Because credit card companies paid a lot of money to write the laws  ThomCat   May-14-09 01:23 PM   #2 
  - Why can't we cancel a card without taking a hit to our credit? Then they can do  NC_Nurse   May-14-09 01:24 PM   #4 
  - One simple fact  nykym   May-14-09 01:27 PM   #6 
  - if they are our equals as persons?  Fresh_Start   May-14-09 01:32 PM   #8 
     - They get all the benefits of personhood but none of the liabilities.  ThomCat   May-14-09 01:36 PM   #11 
  - It's really just to protect the public.  LooseWilly   May-14-09 01:34 PM   #9 
  - Quit buying stuff  Coyote_Bandit   May-14-09 01:36 PM   #10 
  - That is good advice IF  ThomCat   May-14-09 01:42 PM   #12 
  - Ummmm......  Coyote_Bandit   May-14-09 05:05 PM   #14 
  - That doesn't address the disparity. n/t  ColbertWatcher   May-14-09 02:21 PM   #13 
  - yeah, i didn't really need that new exhaust system for my car that i had to charge  Scout   May-14-09 05:37 PM   #15 
     - did you ask what they would have taken in cash?  onethatcares   May-14-09 05:46 PM   #16 
  - Friday morning kick! n/t  ColbertWatcher   May-15-09 06:26 AM   #17 
  - Because capitalism must be smashed and the capitalists with it.  JVS   May-15-09 06:27 AM   #18 
  - Oligarchy  Echo In Light   May-15-09 06:28 AM   #19 
 

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