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We're financing the banks so they can charge us more money


An upcoming review of nearly 400 credit cards by the Pew Trusts Safe Credit Cards Project found that interest rates increased by a median of 2 percentage points in the first half of the year, even though it was cheaper for banks to lend money because the federal target funds rate — the rate banks use for loans to each other — fell by at least three-quarters of a point.

What's wrong with this picture?

As Jack Forbes says: Wetiko.

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