Mark Moss

And what happens is if you cut the rate to 10% or 8% or 18%, whatever that number is, everybody that wouldn't qualify for that rate is then left without credit.

And that will then drive people either to the BNPL or drive them to their back alley neighborhood loan shark.

And so people need money, especially, like I said, with this fiat system as we have today, people are falling further behind.

They're using credit to augment their lifestyle.

And yeah, if you cut them off at 18% or 15% or 10% as Trump is floating out, it just cuts off a huge segment of the population that needs it.

Usury laws don't apply to credit cards is what it says.

10% to 20%.

Yeah.

Okay.

I'm going to go more in line with restaurants.

But are you getting a credit card with Visa or are you getting with Capital One?

So are we looking at the wrong number?

Because Visa's making the money for processing transactions, so their net profit's very high.

American Express is the card issuer, and so see how much lower their rate is.

14% to 20%.

So I think really we have to look at Capital One, not Visa, right?

Well, but Visa's making all the money from processing the transactions.

They don't have the cost overhead, the risk.

They're not making the slim margins on the spread.

So I think you'd have to go to the actual card issuer, like a Capital One.