@lonnie6942069@thepocketgeek And that's kind of the whole reply. A "you think limiting rates means lower rates. But what it really means is less credit and more denials"
It's kind of the argument of "if we ban guns then criminals will not have them because guns are banned"
Nothing more.
@lonnie6942069@thepocketgeek No they will raise rates that they charge vendors, banks will start charging for savings and checking accounts.
Then you have the "credit cards are a tool of white supremist nationalism" that will come next. Because to a low iq person, any difference is a result of -'ism
@lonnie6942069@thepocketgeek Then don't take the card.
So really we end up at the same place. Just different in how you get there.
Me : don't take a 30% agreement. No card
You: limit cards to 10%. You don't get the offer. No card.
Curious your thoughts on crypto though
@lonnie6942069@thepocketgeek I'm not embracing anything. Just not following your approach of treating everyone like an infant.
At what point do you think it's OK for someone to become an adult? Or do they always need coddled and for smarter people like you to tell them what they can or cannot do?
@Dubchee@thepocketgeek That's an interesting thought train though. From
Companies are greedy, they will find more customers, they don't care about their business, they got theirs, and the gov will just pay for it
So the people that are for this, are really saying they want to give banks more money.
@Dubchee@thepocketgeek Not if the result is in the risk being to high for a applicant to be approved. You cannot just make up more qualified people. What they will do is start charging account fees and terminating anyone that defaults on a loan. Then that person is locked out of banking entirely.
@The_Maple_Kind@kickasstrophe@thepocketgeek By saying a politician trying to step in is going to have a detrimental impact on peoples lives?
Good job in taking that bigot program so completely.
@AssocAnderson Funny how many instances of the age old question of "would I have fought the nazis or would I have given up my neighbors" keeps getting answered these days
@Dubchee@thepocketgeek ... Persons with a credit score below XXX will not be allowed to get this credit line.
All while they have payment systems for everything. The "you can have this item for only Y dollars per week". Klarna I think is one of them
@SpoonWaffen@kickasstrophe@thepocketgeek OK. That's comprehensive.
Any other part of peoples lives you think you should control? Or agreements that are between them and another that you want to have a say in? I mean outside of persons with disabilities? I mean all scammers should be put down. But this isn't that.
@The_Maple_Kind@kickasstrophe@thepocketgeek Why do you think this is going to help anyone?
I'm starting to realize that the people that love and worship money. Have no clue how the economy works. And they are the first to throw a wrench in the machine to see sparks and wonder why it stopped working.