this post was submitted on 25 Jan 2024
950 points (99.1% liked)

People Twitter

5287 readers
1893 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a tweet or similar
  4. No bullying or international politcs
  5. Be excellent to each other.

founded 1 year ago
MODERATORS
SendMeYourTaTas
pelespirit
950
Banks need it /s (lemy.lol)
submitted 10 months ago* (last edited 10 months ago) by [email protected] to c/whitepeopletwitter
147 comments fedilink hide all child comments
 

Bluesky Post.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 9 points 10 months ago (1 children)

Or even better, make banks immediately start treating any negative balance as a credit. There can be a low limit, but enforce a low interest rate. For all that banks have done to us, I feel like this is literally the least they can do—and shit, they’d still turn more profit.

[–] [email protected] 3 points 10 months ago

This is actually not a terrible idea. Though interest rates in general need to be capped on lines of credit of all varieties. The fact that 45% interest on a credit card is not being brought up on usury charges is insane.