Quote:
Originally Posted by dyna mo
i understand that and i don't expect for one second for banks to operate as an NPO, i am a capitalist at heart.
but if cap one can't figure out how to make a profit at the predatory lending rates they've typically had AND they get baillout money and their CEO makes $17 million + a year AND they categorically raise rates on their best customers, it makes me upset.
|
it's because everyone is defaulting. i am in canada and defaults on cards are up 30 percent.
their phony models didn't predict it.