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Started By
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re: Trump caps credit card interest at 10%
Posted on 1/9/26 at 8:07 pm to beaux duke
Posted on 1/9/26 at 8:07 pm to beaux duke
quote:Have you not read the OP’s silver bug threads?
no fricking way you can believe this
He doesn’t have even a tiny bit of economic or financial knowledge.
1
Posted on 1/9/26 at 8:10 pm to jlnoles79
quote:
It's not just young people. It's people that just go along with anything their fav politician says
I didn't agree with everything Charlie Kirk said and did, but a least he had a set of core values defined in his mental model of the world, which make sense to me, which can be defended and articulated to younger people and others.
Trump man, it's just wherever the wind blows.
Posted on 1/9/26 at 8:10 pm to Kjnstkmn
He's "calling for" it. He doesn't have the authority to do it on his own.
Posted on 1/9/26 at 8:10 pm to Kjnstkmn
Bad idea. Not a fan.
Posted on 1/9/26 at 8:11 pm to LSURussian
quote:
He doesn’t have even a tiny bit of economic or financial knowledge.
Economists and financial professionals should all be rich if they REALLY understood the economy. They aren't and they don't.
Posted on 1/9/26 at 8:11 pm to 844_Tiger
quote:
I didn't agree with everything Charlie Kirk said and did, but a least he had a set of core values defined in his mental model of the world, which make sense to me, which can be defended and articulated to younger people and others. Trump man, it's just wherever the wind blows.
And Kirk was an adamant supporter of Trump and one of the reasons why Trump is in power. You’re a mental midget with tds.
Posted on 1/9/26 at 8:12 pm to LSURussian
quote:
How's the Dow futures looking in the finance/credit sector?
Dow futures are closed until 6 PM ET on Sunday.
Yeah, I know....the question was rhetorical.
Posted on 1/9/26 at 8:12 pm to Kjnstkmn
More progressive central planning from king orange.
Posted on 1/9/26 at 8:13 pm to Jugbow
Why does trump do this on Friday evening at 7 pm? This is when you release bad news.
Posted on 1/9/26 at 8:16 pm to HailHailtoMichigan!
quote:
fricking dumb and economically illiterate
A policy plank straight from Bernie sanders and socialist cretins
I agree with you for once, no one has to get a credit card. Caping the interest rate is going to make it harder for people to get them.
I know the response on here will be along the lines of "if they cant get approved, they shouldn't get it" and that is correct some of the time. However, limiting credit is an overall negative to the poor. Its going to remove opportunity for those responsible enough to manage their credit cards and leverage.
Posted on 1/9/26 at 8:23 pm to Kjnstkmn
Posted on 1/9/26 at 8:29 pm to Kjnstkmn
quote:
Promised made, promises kept:
promises kept?
credit card interest is now 10% or less?
This post was edited on 1/9/26 at 8:33 pm
Posted on 1/9/26 at 8:29 pm to 10thyrsr
quote:Congratulations! You just posted the dumbest statement I’ve ever read on the Poli Board not written by SDVTiger…
Economists and financial professionals should all be rich if they REALLY understood the economy.
Posted on 1/9/26 at 8:30 pm to Kjnstkmn
Good. Why just 1 year though?
Posted on 1/9/26 at 8:32 pm to Kjnstkmn
quote:Yeah. Opposing price controls is "TDS". You think interest rates are pulled out of their arse? It's pricing the risk of lending to risky borrowers, you dolt.
Lmao at the TDS idiots down voting lower credit card interest.
Posted on 1/9/26 at 8:34 pm to Brosef Stalin
quote:
This doesn't matter to the cult but I'm sure Visa and American Express will be suing shortly shortly
You betcha. Maybe, in the very least, it will shed some light on predatory lending. I am of the class that says if you have to pay double digit interest, then pay cash or go without.
Posted on 1/9/26 at 8:35 pm to SpecialK_88
quote:
it's that your dear leader is more of a socialist than Biden.
Better watch yourself around these parts with that kind of language.
Posted on 1/9/26 at 8:47 pm to Big Scrub TX
quote:
You think interest rates are pulled out of their arse?
They penalize deadbeats(this is a financial term used by credit companies to describe someone that’s fiscally responsible)all of the time.
So yes, they often are.
Posted on 1/9/26 at 8:55 pm to thunderbird1100
quote:
And annual fees if you thought were getting bad, just wait
You’re also going to see lower credit limits and approvals.
quote:
You think interest rates are pulled out of their arse?
To a degree they are. They used to be lower. Biden helped banks move their credit card operations to Delaware where the state allowed a much higher rate. That’s how he got his pockets lined.
This post was edited on 1/9/26 at 8:59 pm
Posted on 1/9/26 at 9:02 pm to Kjnstkmn
Lmao at the panicans who run up a bunch of debt because they can’t afford to turn away from crap they don’t need so they whine about high interest rates
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