OMG! It's the Fiscal Cliff!

[tw]

Originally Posted by xoxoxoBruce

The $1,000 to $1,200 a month they're saving, they donate to local charities.

Remember, banks are run by MBAs. People who enrich themselves by even stifling innovation.

Smart Cards are standard throughout the world for at least 20 years. America still has no smart cards because banks fear innovation. That would only hurt profits.

One town installed electronic parking meters. Collected about $1300 per month in parking fees on cards. Credit card companies take $700 of that. Credit card industry even got many laws changed so that a credit card purchase must cost a customer same as cash. And so many consumers have no idea who they are enriching when using credit/debit cards to buy coffee and donuts. Enriching people so corrupt as to even create this reception.

WalMart saw these profits were extreme. And therefore tried to get into the credit card business. The industry panicked. Because Walmart would offer a better product rather then increase profits.

Why do MBA go into banking? You are sheep to be fleeced. Money games enrich the MBA while leaving us to pay for the debts maybe ten years later. Welcome to the George Jr created recession. People got rich by producing nothing and stifling innovation. Then even blame the workers and unions.

What idiot would use a credit card that cannot be paid off at the end of the month? Fodder for MBAs.