MEMO TO OBAMA & DEM’S … IT’S THE CREDIT CARD RATES, STUPID! REDUCE THEM!!!
sandstone | November 17, 2009
What the fools in Washington and the credit card companies refuse to acknowledge is that the institutional gluttony of credit card rates (that are usury by any definition) is leading to the highest default rates in history by consumers and halting growth by small businesses who are forced to rely on credit cards.
Excessive credit rates are nothing less than a tax on small businesses who are unable to obtain loans through the banks.
