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  1. #21  
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    Quote Originally Posted by KhrushchevsShoe View Post
    Because Chase is really struggling to make a profit.
    They don't have to struggle. They are entitled to make a profit since Chase actually provides a service. The parasite class doesn't provide anything and are entitled to nothing.

    Now, just judging from what the parasite class is doing thus far, if they could be paid for producing manure, they have something to offer. Human waste is a net loss so they have nothing to offer.
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  2. #22  
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    Quote Originally Posted by Tipsycatlover View Post
    Everyone was so happy when this evil regime decided to force banks to cap credit card transaction fees. It was FINALLY going to stop banks from making a profit.

    Stupid is as stupid does.
    The transaction fee and interchange cap had nothing to do with stopping banks from making a profit. It was about the practice they have had since Bank Americard came into existence of charging small merchants exponentially more per transaction than they do Walmart. Why do you think that legitimate businesses (as opposed to all cash businesses) resisted accepting credit cards for so long, and why gas stations give preferential pricing to their own card?
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  3. #23  
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    Quote Originally Posted by Hawkgirl View Post
    I know, but the fact that I have to pay $ to access my own money is absurd.
    .
    It is just banks doing what banks do. Pass a law that says that banks have to comply with something, and they go to work looking for a workaround.

    Here in Florida, the payday lenders (or Big Sleaze as I like to call them) are in Tallayahoo whining that they aren't making enough money at 24%, they need 30%.
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  4. #24  
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    Quote Originally Posted by Novaheart View Post
    The transaction fee and interchange cap had nothing to do with stopping banks from making a profit. It was about the practice they have had since Bank Americard came into existence of charging small merchants exponentially more per transaction than they do Walmart. Why do you think that legitimate businesses (as opposed to all cash businesses) resisted accepting credit cards for so long, and why gas stations give preferential pricing to their own card?
    Do you think this practice is wrong? I don't and I was a small business that once took credit cards. I stopped because of the massive record keeping required by the health care bill.

    The reason I don't think it's wrong, because I may have processed a couple dozen credit card transactions and Wal Mart processed thousands. If I was handing over thousands of transactions, you bet I'd be asking for better rates per transaction. In fact, I had that. If I processed more than $5,000 per day in transactions, my rate would automatically be reduced. I just never did it.
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  5. #25  
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    This can't possibly be a new concept. Many stores give discounts or gift cards according to how much you spend. Khols give a $10.00 coupon for every $100.00 spent in the store. So you would complain that it is unfair that someone who spends $100.00 ONLY gets a measly $10.00 coupon while a rich person spending $500.00 gets a $50.00 coupon.

    UNFAIR. Everyone should get a $50.00 coupon even if all they spend is $5.00.
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  6. #26  
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    Quote Originally Posted by Tipsycatlover View Post
    They don't have to struggle. They are entitled to make a profit since Chase actually provides a service. The parasite class doesn't provide anything and are entitled to nothing.
    But you said they weren't making a profit. That's what I disputing.
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  7. #27  
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    Quote Originally Posted by KhrushchevsShoe View Post
    But you said they weren't making a profit. That's what I disputing.
    Your reading comprehension is lacking. I find that quite common in leftists. A leftist needs to hear something so badly, that they actually imagine it was said.
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  8. #28  
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    Quote Originally Posted by Tipsycatlover View Post
    This can't possibly be a new concept. Many stores give discounts or gift cards according to how much you spend. Khols give a $10.00 coupon for every $100.00 spent in the store. So you would complain that it is unfair that someone who spends $100.00 ONLY gets a measly $10.00 coupon while a rich person spending $500.00 gets a $50.00 coupon.

    UNFAIR. Everyone should get a $50.00 coupon even if all they spend is $5.00.
    Everything we buy at Kohl's should be free. It's unfair to have to pay for any thing. :D
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  9. #29  
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    Quote Originally Posted by RobJohnson View Post
    Everything we buy at Kohl's should be free. It's unfair to have to pay for any thing. :D
    sounds good...take from Senator Kohl's hands and pass it all to our needy ones LOL
    "Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings..." Patrick Henry
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  10. #30  
    Sin City Moderator RobJohnson's Avatar
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    Quote Originally Posted by Novaheart View Post
    It is just banks doing what banks do. Pass a law that says that banks have to comply with something, and they go to work looking for a workaround.

    Here in Florida, the payday lenders (or Big Sleaze as I like to call them) are in Tallayahoo whining that they aren't making enough money at 24%, they need 30%.
    That is not APR either....those are the rates for short term loans, like 1 to 4 weeks...many payday and title loan stores were found to be charging triple digit APRs....500 to 900% APR was not uncommon.

    I would not call payday loan stores "banks." You might, but I don't.
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