Consumer Anger Rising Fast: Chargebacks

From The Market Ticker (Karl Denninger) Anecdotal report thus far…. On the forum there is a report of a number of merchants dropping credit card processing entirely due to rampant (and bogus) chargebacks. Does anyone remember my Tickers on “Is The Government a Felon or a Cop” posts? Go read ’em again. One of the more … Read more

WE THE PEOPLE (Have Had Enough)

From The Market Ticker Karl Denninger THE seminal question for this year – coming into the mid-term elections – is exactly that. Have you had it? Are you tired of being bent over the table with 29.9% credit card interest rates while these big banks borrow at zero from The Fed and use that money … Read more

Obama: Time To Keep Your Promises

Posted by Karl Denninger Fraud is against the law Mr. President. It always has been. You need no new laws, you have plenty of existing ones. It is my belief that there are literally tens of thousands of people and hundreds of companies, including some very large public ones, you should have under investigation if … Read more