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Subject: 
Re: questions on current events
Newsgroups: 
lugnet.off-topic.debate
Date: 
Tue, 18 Dec 2001 16:16:32 GMT
Viewed: 
362 times
  
"John Grubber" <jgrubber2000@yahoo.ca> writes:

13. Having the nerve to say that its our duty to 'go out and spend'
to keep the economy going.  Screw that.  I am not wasting my money
on junk if i don't need to- thats what has made us all debt-ridden
credit-card wielding idiots.  Why not have some relief on credit
card interest rates?  Thats an interest rate that would affect most
of us a lot more than greenspans token lowering of the fed.


But doesn't the federal interest rate affect the interest rate used by
the credit card companies?  I would assume that a cut of the federal
interest rate would quickly lead to a similar cut of the interest rate
used by the credit companies.  They probably keep their interest rate
higher, though, to make some money.


Fredrik



Message has 1 Reply:
  Re: questions on current events
 
You've pretty much answered your own question, although the creditors would pay less, they could still charge the same to their own customers. (...) (23 years ago, 18-Dec-01, to lugnet.off-topic.debate)

Message is in Reply To:
  Re: questions on current events
 
If youi want to talk bastardy things that so-called enlightened western powers have done, how about: 1. The international land mine ban (not signed by the US, Israel or Finland- also not signed by China, Russia parts of africa, Iraq, Iran, etc.) (...) (23 years ago, 18-Dec-01, to lugnet.off-topic.debate)

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