bobaka

Senate Banking Chairman Chris Dodd introduces a bill to immediately freeze credit-card rates. Which is a bad idea, argues Daniel Indiviglio: Companies aren't using rate changes to "work around" upcoming laws - they're preparing for them, and they intend to make money whether we like that or not.

Sure just trust the banks to do the right thing.. just like the they always do.

A freeze is a joke. Roll back and cap rights at 18%. If they can't make money at that, with money costing them 0%, they should shut their doors.