Tuesday, March 21, 2006

The Problem With Credit Card Companies

From Allan Carlson:

It is common knowledge, for example, that credit card companies intentionally urge financially troubled families to borrow still more money, because they can charge these households exorbitant interest rates. As one Citibank executive has candidly observed, "They are the ones who provide most of our profit."

They are, for the most part, jackals.

1 comment:

Anonymous said...

well, that's a truth of life. such families has nothing to do with it, they just had to put up with what banks offer them. and, by the way, it's daring but honest of Citibank to make statements like that