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Tucker Carlson sides with Bernie and AOC on capping interest rates

allpurpleallgoldallpurpleallgold Member Posts: 8,771
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in Tug Tavern
https://m.youtube.com/watch?v=TllENlTIIrY

Too far left.
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    MikeDamoneMikeDamone Member, Swaye's Wigwam Posts: 37,781
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    And?
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    SFGbobSFGbob Member Posts: 31,920
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    Does he side with them and their call for a Post Office run banking system?
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    RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 101,173
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    I thought we hated him
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    RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 101,173
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    The trade off is less people getting cards.
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    pawzpawz Member, Swaye's Wigwam Posts: 18,755
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    RaceBannon said:

    The trade off is less people getting cards.

    That's actually not a bad thing.

    This country will be great again when average people have savings.

    Rest assured the big banks will lobby hard against.
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    HardlyClothedHardlyClothed Member Posts: 937
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    Reminded me of this great article from a few months ago:

    http://nymag.com/intelligencer/2019/01/tucker-carlson-romney-monologue-capitalism-social-conservatives-fox-news.html

    Carlson’s criticisms are disingenuous given his career but there’s a deep history of populism among rural evangelicals in America
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    SledogSledog Member Posts: 30,655
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    I get low interest rates but they actually do not matter. I pay off my cards every month. If you want a personal loan go get one!
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    creepycougcreepycoug Member Posts: 22,741
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    RaceBannon said:

    The trade off is less people getting cards.

    Exactly what will happen.
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    SFGbobSFGbob Member Posts: 31,920
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    Sledog said:

    I get low interest rates but they actually do not matter. I pay off my cards every month. If you want a personal loan go get one!

    Paying off your cards each month is just another form of white privilege. Credit scores are racists.
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    Pitchfork51Pitchfork51 Member Posts: 26,578
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    edited May 2019
    SFGbob said:

    Sledog said:

    I get low interest rates but they actually do not matter. I pay off my cards every month. If you want a personal loan go get one!

    Paying off your cards each month is just another form of white privilege. Credit scores are racists.
    Fuck that noise. Negotiate for lower settlement and get them to take it off your report

    Financial institutions can suck my balls
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    UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 14,185
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    pawz said:

    RaceBannon said:

    The trade off is less people getting cards.

    That's actually not a bad thing.

    This country will be great again when average people have savings.

    Rest assured the big banks will lobby hard against.
    It's not some banking conspiracy or people's moral failings in this generation.

    It's interest rates plain and simple, set by the Fed, in response to government policy and world financial demand.

    Why save when you can't make a return that exceeds inflation? Why not take out loans and credit when you can do so at a rate lower than the return you can make?
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    SledogSledog Member Posts: 30,655
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    edited May 2019
    Imagine if you have poor credit that people don't want to loan you money and if they do they would assign a higher interest rate for taking a risk on your non-bill paying ass!
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    YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 33,864
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    RaceBannon said:

    pawz said:

    RaceBannon said:

    The trade off is less people getting cards.

    That's actually not a bad thing.

    This country will be great again when average people have savings.

    Rest assured the big banks will lobby hard against.
    I know it's not but I doubt AOC realizes what the effect is

    I guess the government can demand bad credit risks get cards. Worked for mortgages
    Credit scores are rayciss. Everyone should have the same number.
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    SFGbobSFGbob Member Posts: 31,920
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    Good credit is all just part of white privilege, and somehow that privilege wasn’t strong enough to block the yellow man since Asians on average have better credit scores than whites.
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    YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 33,864
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    SFGbob said:

    Good credit is all just part of white privilege, and somehow that privilege wasn’t strong enough to block the yellow man since Asians on average have better credit scores than whites.

    Free Pub!
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    2001400ex2001400ex Member Posts: 29,457
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    UW_Doog_Bot said:

    pawz said:

    RaceBannon said:

    The trade off is less people getting cards.

    That's actually not a bad thing.

    This country will be great again when average people have savings.

    Rest assured the big banks will lobby hard against.
    It's not some banking conspiracy or people's moral failings in this generation.

    It's interest rates plain and simple, set by the Fed, in response to government policy and world financial demand.

    Why save when you can't make a return that exceeds inflation? Why not take out loans and credit when you can do so at a rate lower than the return you can make?
    How many people actually use credit cards for investment purposes? About zero.
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    greenbloodgreenblood Member Posts: 14,277
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    creepycoug said:

    RaceBannon said:

    The trade off is less people getting cards.

    Exactly what will happen.
    And if the government forces companies to accept bad credit clients, the companies will just make credit limits much smaller.
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