(04-15-2020, 11:38 AM)The Real Marty Wrote:

(04-15-2020, 11:18 AM)flsprtsgod Wrote: Health care organizations received a grant from the government over the weekend because of CARES ACT funding. The rules around the grant specify the applications for the funds, if the recipient doesn't use it appropriately it must be paid back. Not significantly different than requiring the CC companies to lower interest rates for a while in exchange for cash flow now. If the money is being paid out then the lender or grantor has a stake and claim to how it's used. As they say in Goodfellas, "[BLEEP] you, pay me."

But the benefit of the lower interest rate goes to the people who carry credit card debt.  People who are responsible and do not carry credit card debt do not get this benefit.  In addition, the size of the benefit depends on the size of the debt.  So the more credit card debt you are carrying, the greater the benefit.  Why should the government subsidize people who are irresponsible?

So you're good with the CC companies just booking the revenue? Maybe paying out a nice CEO bonus with it? Maybe those airlines can use to buy back a few billion more shares of their stock? I am not good with giving money to them, but if we are going to do so then they need to use it for the public's good. How would you suggest that e.g. Discover do that so that only financially responsible people like you get the benefit and not those losers who might have charged payroll expenses on it last month when their cash flow dried up?

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