The judge…
The temporary nationwide injunction imposed by Judge Mark Pittman in the Northern District of Texas is a win for the big banks and major credit card companies, which collect billions in revenue each year in late fees and were looking to stop the proposal from going into effect.
You know it’s weird, it seems like I can predict the way the judge votes, and likely which half of the US they live in, solely by the headline of “federal judge blocks Biden administration plan to…” with 100% accuracy.
Haven’t been wrong yet.
Seems almost like there’s some sort of political motivation here, not what’s best for the people.
Almost seems like the system is working… against the people?
But no that couldn’t be. Surely a judge, who sits at a federal level, would never be swayed by something so petty as kindergarten politics.
If you read the reactions from banks, it’s sickening. They are threatening to raise fees elsewhere, or interest rates, to “make up for lost revenue” because heaven forbid they just make less money and be okay with it.
These companies make obscene amounts of money.
They don’t need that much money.
It’s sickening.
Well just hold on there a minute, if they raise interest or charge higher fees on things that doesn’t disproportionately negatively impact poor people then it might be less predatory… And we can’t have that, we gotta keep punching those that can’t hit back.
Hey bub, don’t insult kindergarten politics like that!