Reply to Enlighten me about SAHMs and credit cards

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

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Do you disagree with that? I've read information written by those who oppose the act for this reason, but I'm not an expert on it. I'm not sure that I'd disagree with the statement that nonprofit organizations directed at helping victims of abuse are more reliable than a credit institution. [/quote]

From a business perspective if my business is not to protect abused people then it would not be of value to have that as part of my mission.

From a moral perspective, I think we all should help abused people.

So from a business perspective I agree. I do not want CC to take a risk that they can not cover, [b]which in the end is covered by the govt[/b]., which in the end is paid by the taxpayer.

No law is perfect. This is one inperfection in the law and  something should be put in place to mitigate the risk. There are some organizations that are good at helping abused victims and they are also the ones that brought this to the attention of the lawmakers.[/quote]

Wait??? Since when is a customer's default covered by the government?  that's not true.  Yes, we did have the huge banks bailed out, but that's not the norm and most of the banks in this country are the smaller institutions that were NEVER bailed out.  the truth is that the rest of us cover those debts - in higher interest rates and fees.  [/quote]

What? Man, you drank the kool-aid. The credit card companies want you to believe that we cover the debts but yes, in fart, they have access to Gov loans.[/quote]

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