2024 Field

sturg33 said:
Taking a quick look at a large credit card company, Capital One.

Their net interest margin last year was 6%. Their average interest they charged on credit loans was 19%.

The feds capping them to 10% would turn their company unprofitable.

And yall support that action?
Click to expand...

Margins are impacting by losses - Reduction of interest rates would result in extention to less credit worth people.

Reduction in interest rates might encourage more credit worth people to float more on their cards.
 
sturg33 said:
Again I've no idea what you're arguing.

Are you arguing with me that government should not protect our rights as individuals?
Click to expand...

I'm arguing that usury rates put people into poverty. Poverty results in more abortion. You are ardently against any babies being killed.

It sounds to me the practice of these high rates does impact individuals other than the person leveraging the debt.
 
thethe said:
Margins are impacting by losses - Reduction of interest rates would result in extention to less credit worth people.

Reduction in interest rates might encourage more credit worth people to float more on their cards.
Click to expand...

Then capital one is very stupid not to voluntarily reduce the interest they charge from 19 to 10%
 
acesfull86 said:
Telling a private business what price they can/cannot charge their customers is BY DEFINITION a price control.

What are you arguing here?
Click to expand...

Price controls already exist and are in fact constitutional. There are literally price gouging laws in every single state.
 
thethe said:
I'm arguing that usury rates put people into poverty. Poverty results in more abortion. You are ardently against any babies being killed.

It sounds to me the practice of these high rates does impact individuals other than the person leveraging the debt.
Click to expand...

Student loans create more poverty. More poverty creates more abortion. Therefore, since I don't support canceling student loans, I support abortion!

Yeah... epic IQ we got here
 
sturg33 said:
Then capital one is very stupid not to voluntarily reduce the interest they charge from 19 to 10%
Click to expand...

Oh I think they may suffer a bit - I'm just saying its not what you would think by only adjusting one parameter in their financials.

They have made the calculation its better to charge more interest the health of the borrowers be damned.
 
sturg33 said:
Student loans create more poverty. More poverty creates more abortion. Therefore, since I don't support canceling student loans, I support abortion!

Yeah... epic IQ we got here
Click to expand...

I support canceling student debt at the detriment to the universities.

Do you not?
 
But can I please get clarity from you. Do you disagree with me that the role of the government is to protect pur individual rights?
 
sturg33 said:
But can I please get clarity from you. Do you disagree with me that the role of the government is to protect pur individual rights?
Click to expand...

I do - Your simplistic lower order thinking of how individuals are impacted by corporate deicsions is what I'm disagreeing with you on.
 
thethe said:
I support canceling student debt at the detriment to the universities.

Do you not?
Click to expand...

Sure. But not by force. My view is the adult took the loan, pay it back. I would love to see the government not guarantee student loans anymore

It was a government "solution" which I'm sure you would support (help all the poor people get educated) that created the mess.

Pretty nice parallel actually to what you're cheering for here. A government intervention to the private market to help the poor people. What could go wrong
 
[tw]1836767856693780612[/tw]

Harris is backed into a wall of trying to win all rust belt states.

Most likely she loses PA/WI and I also think Nevada will be Trumps.
 
sturg33 said:
Taking a quick look at a large credit card company, Capital One.

Their net interest margin last year was 6%. Their average interest they charged on credit loans was 19%.

The feds capping them to 10% would turn their company unprofitable.

And yall support that action?
Click to expand...

I'll admit 10% cap could be too low. I'm more concerned with the 25-35% that some companies charge. Trump has also said this is just temporary and more than likely just hot air by Trump to get votes.
 
sturg33 said:
Sure. But not by force. My view is the adult took the loan, pay it back. I would love to see the government not guarantee student loans anymore

It was a government "solution" which I'm sure you would support (help all the poor people get educated) that created the mess.

Pretty nice parallel actually to what you're cheering for here. A government intervention to the private market to help the poor people. What could go wrong
Click to expand...

The universities were the predatory party in this transaction. Not only did they take people that aren't serious students but they jacked up the rates while providing a more bloated system for administrators to get richu and at the same time provide poor eduction.

They are the criminals and we should 100% cancel the student debts and sezie the endowments of these universities.
 
[tw]1836738991149765083[/tw]

Don't underestimate the impact Trump is having on the younger generation.

Completely uprooting norms that young people start as Demcorats.
 
Garmel said:
Interest rates are not the exact same thing as freezing prices. A company can still loan as much money as they want with no limit. Now, if they limited the amount you could borrow it would be the same.

Price controls on goods damages demand and supply.

Show me where credit card limits on interest in states and laws against predatory loans have damaged the economy.

I'll wait.
Click to expand...

The interest charged by the company is the price of the product. There’s no material difference between telling a bank you can charge a maximum of “x” price for your loan and telling a grocer you can charge a maximum of “x” price for a dozen eggs.
 
You must log in or register to reply here.
Back
Top