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Capt. JG

wrote in message
...
On 16 Oct 2008 12:35:01 -0500, Dave wrote:

On Thu, 16 Oct 2008 12:20:49 -0400, said:

What you're suggesting is that banks be required to guaranty a fixed
rate
without being compensated for the risk of immediate payment when the
short
term rates the bank is paying on borrowed funds go up. That's doable,
but at
a cost to the borrower--even higher rates of credit card debt. Or we
could
simply see credit card lending dry up when the risk isn't justified by
the
return.

Credit card companies, like all banks, have never seemed to have any
problem raising rates and charging all sorts of absurd fees to
excessively pad their bottom line.

You and Larry make a good pair. Why not add all the other bogeymen of the
left--Big Oil, Big Pharma, "The Corporations," etc., etc. ad infinitum ad
nauseam. Politics loves a villain. Without villains you can't have
victims.

You are a fine one to talk! Your entire universe centers around the
"evil left wing conspiracy".

Bzzzt. It's the gotcha left wing media... like Rush I suppose.

--
"j" ganz @@
www.sailnow.com