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BumRushDaShow

(165,316 posts)

4. Because the credit card companies

Reply to FredGarvin (Reply #3)

Sun Dec 28, 2025, 02:33 PM

3 hrs ago

were allowed to domicile in states that had the highest interest rate CAPs, so "low interest rates" were meaningless for the average person other than those who could afford to buy a home and/or car.

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Highlight:

Bank of America CEO says the market "will punish people if we don't have an independent Fed" [View all] BumRushDaShow 4 hrs ago OP

Take that as a warning of what's ahead bucolic_frolic 4 hrs ago #1

And make no mistake. Est. 40-50% of the est. 65 trillion with a T, dollar market is in retirement funds i.e. 401k's Cheezoholic 3 hrs ago #2

Low interest rates FredGarvin 3 hrs ago #3

Because the credit card companies BumRushDaShow 3 hrs ago #4

The Fed opened up the discount window for banks at massively discounted rates FredGarvin 2 hrs ago #5

And those banks (that run the credit cards) BumRushDaShow 2 hrs ago #8

Bank of America CEO is right on this. mwooldri 2 hrs ago #6

Look at inflation vs Fed rates over a 25 year period FredGarvin 2 hrs ago #7

"Look at inflation vs Fed rates over a 25 year period" BumRushDaShow 2 hrs ago #9

I remember getting 10% on savings back in 1980 when I was a kid FredGarvin 1 hr ago #10

That was the "print more money" era BumRushDaShow 1 hr ago #11

The invisible hand of the free market should not be replaced by the tiny hand of Trump. n/t Beartracks 30 min ago #12