The better way to do something like this would be to cap risk premium. -- hoolstoptheheels 07/01/2022 1:02PM All that will happen with the cap of 15% is that significant populations of -- 111Balz 07/01/2022 1:38PMInsert a Link
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America’s most radical socialists are proposing a bill to cap interest -- WahooMatt05 07/01/2022 11:14AM The better way to do something like this would be to cap risk premium. -- hoolstoptheheels 07/01/2022 1:02PM All that will happen with the cap of 15% is that significant populations of -- 111Balz 07/01/2022 1:38PM Not a fan of AOC. I understand monitoring predatory lending schemes ... -- Blah 07/01/2022 12:42PM Everyone is greedy...applies to Banks and other lenders as well ** -- Tuckahokie 07/01/2022 12:01PM Grate idea!!! Will keep the most vulnerable from being saddled with loans. ** -- ResistHoo 07/01/2022 12:01PM Not reasonable at all, really. There is an argument that even 36% caps are -- WahooRQ 07/01/2022 12:01PM What about when inflation fighting 16% prime rates return? I don't think -- 81_Hokie 07/01/2022 11:58AM Seems like a bad idea as it would -- BKhoo 07/01/2022 11:52AM If you can't get a credit card with less than 15% interest you probably -- BocaHoo91 07/01/2022 11:49AM Actually most credit cards are between 15-20% APR. Subprime is around 30%. -- WahooRQ 07/01/2022 11:55AM My two are around that. I use them for convenience and haven't paid a cent -- NJHoo 07/01/2022 11:59AM That's fair. But it's basically just going to restrict revolving credit -- BocaHoo91 07/01/2022 11:59AM Nobody should be paying those rates -- WahooMatt05 07/01/2022 11:51AM You’re making absolute judgements, which don’t work in economics. -- hoolstoptheheels 07/01/2022 12:47PM What if that “rate” is the result of a $25 dollar fee you incur and the -- WahooRQ 07/01/2022 12:07PM That’s one thing I think could be worked around -- WahooMatt05 07/01/2022 12:30PM The important consideration, IMHO, is ability to repay. -- WahooRQ 07/01/2022 12:53PM The alternative in that case is walking or riding a bike. He's making -- BocaHoo91 07/01/2022 11:57AM ...I-phone is jumpy** -- Tuckahokie 07/01/2022 11:42AM Yes, because policy should be set by popularity polls. -- Hoodafan 07/01/2022 11:34AM Elections should ** -- HoodatB 07/01/2022 11:36AM If you can’t borrow money for less than 15% already, you’re an abysmal -- CharlestonSC 07/01/2022 11:25AM Loan sharks and payday lenders prey on people who are desperate -- WahooMatt05 07/01/2022 11:49AM Then let's educate people better, Jefferson was right. ** -- HoodatB 07/01/2022 12:59PM Have you seen the citizens of this country? -- WahooMatt05 07/01/2022 1:22PM Better pursuit of predatory lending practices is far more effective -- hoolstoptheheels 07/01/2022 12:35PM I mean I don’t disagree as far as my own judgement, I just think we need to -- CharlestonSC 07/01/2022 12:31PM And pushes even more of them to "my people" that will happily loan them $ -- Hoodafan 07/01/2022 11:59AM Hobbits are in the loan sharking business? Who do you use for muscle, -- WahooRQ 07/01/2022 12:10PM Fuck off you pathetic excuse for a human. ** -- Hoodafan 07/01/2022 12:16PM Your ex wife? Why are you quoting her here? ** -- WahooRQ 07/01/2022 12:17PM Fuck off you pathetic excuse for a human. ** -- Hoodafan 07/01/2022 12:19PM And here’s the illustration to go with her quote -- WahooRQ 07/01/2022 12:30PM Fuck off you pathetic excuse for a human. ** -- Hoodafan 07/01/2022 12:36PM I’m sorry for you, really. Guess I shouldn’t poke fun at your misery -- WahooRQ 07/01/2022 12:38PM Fuck off you pathetic excuse for a human. ** -- Hoodafan 07/01/2022 12:38PM You should say that one more time, just to remind everyone how stable and -- WahooRQ 07/01/2022 12:54PM You should keep lying about me to get "likes" from your fellow -- Hoodafan 07/01/2022 12:59PM A narcissist too. No wonder she bailed. ** -- WahooRQ 07/01/2022 1:25PM Fuck off you pathetic excuse for a human. ** -- Hoodafan 07/01/2022 1:31PM Just remember—the problem isn’t you, it’s everyone else! 😂 ** -- WahooRQ 07/01/2022 1:47PM Fuck off you pathetic excuse for a human. ** -- Hoodafan 07/01/2022 1:58PM 15% might be high now, but might not be in a year or two. ** -- JohnHoo2 07/01/2022 11:51AM That’s basically it. Fewer people will have access to credit. ** -- hoolstoptheheels 07/01/2022 11:48AM