Daily Archives: 7 March 2024

Virtue-Signaling in the Credit Card Market

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Progressive-Democrat President Joe Biden is at it again, attempting to buy votes with another of his sham attempts to save us ordinary Americans money.

The Biden administration on Tuesday finalized a new rule to cap all credit card late fees at $8, a move that is expected to elicit fierce pushback from industry giants.

His Consumer Finance Protection Bureau

estimates the new regulation will save American families more than $10 billion in late fees annually by reducing the typical late fee of about $32. That amounts to an average saving of roughly $220 per year for the 45 million people who are charged late fees.

Stipulate for the moment that the CFPB actually has an accurate, fact-supported basis for its cost claims. Those fees help the banks recoup a significant fraction of the costs they incur when credit card holders are late on their payments. This restriction on cost recovery is only going to lead to tighter bank restrictions on who they’re willing to issue credit cards to.

How much money does Biden think will be saved by those who no longer can get credit cards, or by those whose cards are not renewed on the renewal date?

Biden really thinks we’re stupid enough to not see through his bread and circus shenanigans.

Well, NSS

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The United Nations—all these months since the terrorist Hamas attacked Israel and butchered 1,400+ civilian men, women, and children, raping women and children(!)—has finally concluded

there are grounds to believe sexual violence, including rape, occurred during the October 7 attacks on Israel by Hamas and that there is clear and credible evidence that female hostages were raped.

Because the reports of the women who were raped and lived to tell the tale, or the men and women who were eyewitness to the rapes, weren’t enough in real time, either in their words or in the numbers of women saying those words.

The [UN’s] report said it didn’t have enough information to attribute the sexual violence and rape to Hamas or any other armed groups.

Yeah. Because it’s possible that, while the terrorist attacks were in progress, those rapes might have been committed by responding IDF soldiers, or by the rape victims’ fellow kibbutz members, or by the demons in the UN “report” writers’ fetid imaginations.

Just one more example of the broad anti-Israel ideology so deeply embedded in the United Nations.