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Tucker Carlson sides with Bernie and AOC on capping interest rates

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Comments

  • Pitchfork51
    Pitchfork51 Member Posts: 27,695
    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
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,744 Founders Club
    pawz 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?
  • Sledog
    Sledog Member Posts: 38,951 Standard Supporter
    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!
  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,929 Founders Club

    pawz 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.
  • SFGbob
    SFGbob Member Posts: 33,219
    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.
  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,929 Founders Club
    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!
  • 2001400ex
    2001400ex Member Posts: 29,457

    pawz 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.
  • greenblood
    greenblood Member Posts: 14,573

    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.