Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: redfish who wrote (24211)	2/24/2005 1:41:44 PM
From: Crimson Ghost	Read Replies (2) of 116555

I always pay my monthly balance so my complaints about the credit card industry have nothing to do with my personal financial situation. Still I find the practices of the industry today aimed at fleecing the masses to the greatest extent possible to be nothing less than outrageous. Credit in moderation is a good thing, but we have gone way beyond that today. I especially resent the constant flow of unrequested checks. I have never and will never use them, but have little doubt they have sucked in many over their heads at loan shark type interest rates.

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