XPost: rec.arts.sf.written, rec.arts.books
From: gossg@gossg.org
Robert Bannister wrote:
>> The Horny Goat wrote:
>>> I've been completely apoplectic on VISA's new ad campaign urging
>>> people to use their card on expenditures under $10 as my discount rate
>>> is higher if my average credit card sale is over or under $100 and is
>>> higher yet if it's under $50. One or two transactions doens't affect
>>> the average much but if I were to suddenly get 10-20 per day like that
>>> it would definitely have an effect to the tune of about another 15-20%
>>> extra in credit card costs. Given I currently pay $2000-2500 per month
>>> for my card processing that's a significant piece of change.
>>
>> Don't be apoplectic; you're dealing with banks and their just trying
>> to increase their profit$, just like any business. It's business as
>> per usual, especially for banks.
>>
>
>Private industry at its best: get bailed out by the taxpayer, continue
>largely with the same practices and charge everybody more.
Canadian banking structure is quite different than in the US. None of
our banks came anywhere near needing a bailout since the eighties
(seventies?)
My father was upset when Bank of BC didn't get a bailout when two
other banks the previous year got bailed out. He had shares in BoBC.
BoBC's customers and most of its architectural assets became Canada's
arm of Hong Kong and Shanghai Bank of Commerce. It's a fortunate
coincidence for them that their company name already had "BC" in it.
But that was either in the Seventies or the very early eighties. I'm
not aware of any significant banking bailouts in my country since the
year before that bankruptcy.
--
We are geeks. Resistance is voltage over current.
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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