InsanePeopleFacebook

2395 readers

157 users here now

Screenshots of people being insane on Facebook. Please censor names/pics of end users in screenshots. Please follow the rules of lemmy.world

founded 1 year ago

MODERATORS

[email protected]

213

Sovcit is tanking with Amex, which can only end well. (lemmy.world)

submitted 6 months ago by [email protected] to c/[email protected]

41 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 0 points 6 months ago

It's recognizing that any cash the sovcit manages to make multibillion dollar company lose will just have that company pull it out of the pockets of the people that do pay their bills.

This relies on the assumption that credit card companies are not already extracting as much value as they can from those bill payers. If they thought they could get away with raising rates on people without turning enough away to make it a net loss, it seems to me that they would have already.