My take is that Warren can't be bought and that makes some nervous. But also if some business leaders are afraid of reforms promoting transparency and simplicity in credit contracts, then they must have a pretty bad business model in the first place.
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Cory’s Chart Corner
Load MoreNot sure why this is so shocking to folks...the data is all around us. h/t @FroehlichThors1
Thorsten Froehlich @FroehlichThors1I mean - guys - this is real
since 1 April 2021, post COVID
(1) Savings rate dropped 90%
(2) Credit card balances up 28%
(3) # of credit cards up 62% (more credit cards / capita)_________________________
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Wow, if she does half of what she says she will do, the $440M will be well spent!
No wonder Wall Street and the bankers are worried; they can't use trickery, fraud or lying to sell product…how will they survive???
Her interview sounds to me like she is about spending my income tax payments more wisely than “pouring the money down the toilet” in Iraq and Afghanistan…