tag:blogger.com,1999:blog-3188088343643315521.post4803641961621409343..comments2023-09-07T00:45:58.390-07:00Comments on STATIONGOSSIP: AOC and Bernie Team Up, Introduce New Plan That Would Hobble US Finance IndustrySTATION GOSSIPhttp://www.blogger.com/profile/14290129071922737076noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3188088343643315521.post-18976341869567276612019-12-30T22:24:52.647-08:002019-12-30T22:24:52.647-08:00Awww ...poor credit card companies. My heart bleed...Awww ...poor credit card companies. My heart bleeds for these pirates .....not.STATION GOSSIPhttps://www.blogger.com/profile/14290129071922737076noreply@blogger.comtag:blogger.com,1999:blog-3188088343643315521.post-86992592624208972202019-12-30T22:24:42.401-08:002019-12-30T22:24:42.401-08:00Are there any credit cards available now with an i...Are there any credit cards available now with an interest rate of 15% or less? People could use those cards.<br />No need for another government bureaucracy.STATION GOSSIPhttps://www.blogger.com/profile/14290129071922737076noreply@blogger.comtag:blogger.com,1999:blog-3188088343643315521.post-59468541466627705682019-12-30T22:24:41.478-08:002019-12-30T22:24:41.478-08:00The commercial banks do not 'borrow' money...The commercial banks do not 'borrow' money they create money from nothing except an entry on their computers.<br />The limit for usury of any loan should be not more than one percent for administration.<br />Fed or CB rates relate to the charge on overdraft permitted to cover interbank transactions overnight.<br />There is no need for any charges except admin and insurance to cover loan default.<br />There used to be 'Credit Associations' or "Buying Associations" that gave certainty to the seller, discounts to the buyers and at the end of the year refund of excess to the members.<br />Sellers agreed discounts for assurance of payment (5% - 10%) and centralised payment.<br />The buyers used their cards at the sellers outlets which were in the agreements.<br />Buyers got centralised billing, credit to the end-of-the-month and 1%-2% discount on billing.<br />End of year the excess of income over costs was paid to the members, based on their participation in total purchases, sometimes as much as 5% of annual purchases.<br />It was win - win and cost effectively nothing. However no one got rich and therefore the associations were discontinued.STATION GOSSIPhttps://www.blogger.com/profile/14290129071922737076noreply@blogger.comtag:blogger.com,1999:blog-3188088343643315521.post-34274151805500736812019-12-30T22:24:32.397-08:002019-12-30T22:24:32.397-08:00“Despite the fact that banks can borrow money toda...“Despite the fact that banks can borrow money today at less than 2.5% <br />from the Federal Reserve, the average credit card interest rate today <br />for consumers is a record-breaking 17.71%,” Sanders and Ocasio-Cortez <br />said in a statement.STATION GOSSIPhttps://www.blogger.com/profile/14290129071922737076noreply@blogger.comtag:blogger.com,1999:blog-3188088343643315521.post-29187357343463019242019-12-30T22:24:14.741-08:002019-12-30T22:24:14.741-08:00Try the jew bankers always want MORE......Try the jew bankers always want MORE......STATION GOSSIPhttps://www.blogger.com/profile/14290129071922737076noreply@blogger.comtag:blogger.com,1999:blog-3188088343643315521.post-11743214307622344902019-12-30T22:24:07.921-08:002019-12-30T22:24:07.921-08:00I have a hard time feeling ANY pain for the poor f...I have a hard time feeling ANY pain for the poor finance industry.STATION GOSSIPhttps://www.blogger.com/profile/14290129071922737076noreply@blogger.com