That being said, I really wish that we had their banking regulators:
Credit card giants have been given two weeks to agree to stop charging exorbitant rates to borrowers or risk losing their operating licences.Perhaps we can trade them Hank Paulson and Ben Bernanke, for a few dozen Trident Missiles and future considerations?
Ministers said they were giving Britain's major lenders one last chance to prove they were not profiteering from the downturn. The ultimatum was delivered at a four-hour Whitehall summit called after The Independent disclosed some credit card and store card providers had raised interest rates – in some cases to 30 per cent – even though the cost of borrowing had fallen.
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