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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (12772)10/4/2004 3:31:52 PM
From: The Duke of URL©  Read Replies (1) | Respond to of 116555
 
are you serious?

MC Visa have locked out competitors for 20 years, and finally the SC decided there is a monopoly. The question of damages is still to be argued. I assume amex and discover will argue how much and citi and b/a will argue, yes we are a monopoly but how can the consumer possibly be damaged by the 24% interest rates.



To: mishedlo who wrote (12772)10/4/2004 8:41:14 PM
From: FiveFour  Respond to of 116555
 
Mastercard/Visa prevented member banks from participating in other card programs...

far reaching implication on damages to AMEX, consumers, other card companies.


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