Banks like Chase, MBNA, CitiCorp, Orchard and others have laid the trap, all you have to do is put your unexpecting foot into it, and you too can pay the price!
After decades of predatory lending practices and hidden compounded fees, major credit card companies are beginning to reexamine their business model based on evil.
“What I can’t believe is that congress thinks they can just come in here and tell us how to do business,” says outraged Visa CEO Joseph Saunders. “I mean without low introductory rates that change on a dime to 25 to 35% without reason or warning… I just don’t know how we can profitable."
Saunders isn’t the only looking for answers. Master Card CEO Robert Selander, who is busy shopping the company’s services in Brazil and China, said of the crisis, “What am I suppose to do? Should I come to work, not get my stack of gold brick, not make men cry, and not burn live puppies in a fire I made out of $100 bills and Earnest Sewn jeans while I laugh and laugh at your stupidity?”
Congress is expected to vote on the measures next month.
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