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New 'Finding Machiavelli' Award
But we have that already, and not just for them lucky sojers Defending the Freedom to Usurificate all over -

Notice how all the CC Cos. have been persistently ratcheting up their <euphemism alert> Late Fees?

Now the fact that (when running any balance) you are already in the Usury-land of a few short decades ago, via just basic payment 'interest' -- why is it that, increasing their interest take (by Not paying on the Principal, for another month, say) -- now merits these new $30-plus Fees, ever ascending ??

Only a Repo/MBA can construct an answer, of course.
Well see.. if we don't hear from 'them' at least exactly-monthly, why.. why.. how do we know they aren't joining the bank's Executives in the Caymans? Huh?? Maybe they've, er {Skip}ped!

But the Market Is Correcting cha cha -- I note that some of those millions of solicitations now speak of waiving late fees (some number of times, during a year.)

Just ramp up the distractions - works every time.







(En fin: as we both know: the FIX is IN waay too deep, shrouded in way-too-many conceptual absurdities-within-bafflegab - to expect 'reform'. And many cannot Add.)
Decimation? might do it. Stay tuned to your CONELRAD station.
New Re: 'Finding Machiavelli' Award
Ashton says:
>>> Notice how all the CC Cos. have been persistently ratcheting up their <euphemism alert> Late Fees?

They say:

"...there is a good reason for the fees they charge.

"It's to encourage people to pay their bills the way they said they would in their contract, to encourage good financial management," said Nessa Feddis, senior federal counsel for the American Bankers Association. "There has to be some onus on the cardholder, some responsibility to manage their finances."

[link|http://www.washingtonpost.com/ac2/wp-dyn/A10361-2005Mar5?language=printer|http://www.washingto...?language=printer]
New s/a/g
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free american and do not reflect the opinions of any person or company that I have had professional relations with in the past 50 years. meep
New Will keep last two \ufffds in mind..
According to R.K. Hammer Investment Bankers, a California credit card consulting firm, banks collected $14.8 billion in penalty fees last year, or 10.9 percent of revenue, up from $10.7 billion, or 9 percent of revenue, in 2002, the first year the firm began to track penalty fees.

The way the fees are now imposed, "people would be better off if they stopped paying" once they get in over their heads, said T. Bentley Leonard, a North Carolina bankruptcy attorney . Once you stop paying, creditors write off the debt and sell it to a debt collector. "They may harass you, but your balance doesn't keep rising. That's the irony."
Scumm.. practicing Vulture Capitalism to the limits you can juuust get away with - turns every such practitioner into Scum. And we teach cheeldrun to look at the world that way. Not even the capacity for shame exists among Suits, today.
Bring on the bombers -

As to the Mall-rats unable to delay gratification /
not the legions of abandoned single parents (with bills for partner's toys, left also to pay) / -
OK.. make that lots of Smart-bombs, then - -


     Soldiers & payday loans - (dmcarls) - (18)
         We had a line of those shops shut down up here in - (jake123) - (7)
             So much for looking after their own. - (warmachine) - (6)
                 Not hate, I wot - - (Ashton)
                 This is not about the military charging those interest rates - (jake123) - (3)
                     My mistake -NT - (warmachine)
                     Or the bank overdraft charge - (jbrabeck) - (1)
                         Not how these shops work, at least in Canada - (jake123)
                 well when I was in the Royal Navy - (boxley)
         Give 'em government credit cards instead - (imric) - (4)
             'Finding Machiavelli' Award - (Ashton) - (3)
                 Re: 'Finding Machiavelli' Award - (dmcarls) - (2)
                     s/a/g -NT - (boxley)
                     Will keep last two \ufffds in mind.. - (Ashton)
         The military does give loans.... - (tonytib) - (4)
             I must have missed something - (drewk) - (2)
                 Yes, and... - (Yendor) - (1)
                     Check - (drewk)
             I spent many years in Army Finance - (jbrabeck)

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