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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (109369)	4/15/2005 9:33:45 AM
From: LindyBill	Read Replies (1) \| Respond to of 793719

I take your point but can you see mine? Mike I think you are letting your anti-bank attitude come through. There are all sorts of bankcards and rates. If you are dumb enough to misuse them, you won't be using them long.

To: michael97123 who wrote (109369)	4/15/2005 9:45:56 AM
From: Mary Cluney	Read Replies (2) \| Respond to of 793719

Bank makes money off of 20% rates that more than offset deadbeats. This is rare for me - to be in agreement with someone on this thread. This is easy money for them. They make it off of people who can't afford it - a few thousand dollars at a time. They lend money to people who don't need it. Big amounts. Easy come, easy go. Money comes easy to big time borrowers - if they lose a few hundred million - who cares - there is more where that came from. The big money lenders can write that stuff off. They can offset those losses with the money they make on bank cards. I don't think we should be a nanny state, but Banks get chartered to do business - they virtually get a license to print money - they have to be more rigorous in the way they do business.