- Dec 27, 2009
- Reaction score
- Los Angeles, California
When Wall Street banks borrow from the Fed at less than 1% rates and then loan those funds to consumers at 27%, I'm more concerned with restoring some semblance of consumer protection than with transfer balance fees.Let's look at financial transactions. What transactions do you speak of? Last time DumBama messed with that, he created policy that credit card companies could no longer lay heavy fines and increased interest rates for their Democrat.....
Citigroup Has Made a Sap of the Fed: It’s Borrowing at 0.35 % from the Fed While Charging Struggling Consumers 27.4 % on Credit Cards