Quote:
Originally Posted by AGDee
The non-regulation led to the insane interest rates, crazy over the limit charges (sometimes 3-5 times the amount you went over), the shady practices banks used in processing transactions to their advantage, etc. Banks are constantly looking for ways to get money from the little guy without the little guy realizing what's going on. If they'd stop trying to rip people off, the regulations wouldn't be necessary.
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Not to mention the insane mortgage lending to unqualified people that got us into the current crisis. 
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Actually, amIblue? is a troublemaker. Go pick on her. --AZTheta
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