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Why the Government don't STOP high interest rates?

maybe because they ARE the banks?????

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Asked by Taniaengel at 1:15 PM on Oct. 6, 2009 in Money & Work

Level 1 (0 Credits)
Answers (4)
  • Now you are starting to figure it out, yes, the governement many times creates the woes we all have to suffer trhough...

    Example AIDS.. Once secrets revealed are brought to the public of course they miraculously starting coming up with cures.

    You can control people with fear,and thats how previous agenda holders in our offices do.

    This is no better than sadam, its sneakier cause you are accustomed to trust our governments decisions.

    Answer by Anonymous at 1:23 PM on Oct. 6, 2009

  • Why would the *gov't* have anything to do with high interest rates? Are you talking about credit cards? Becuase rates in general are low! CC rates are high to discourage you from spending beyond your means. If you want a reasonable rate loan, you're going to have to put up some collateral. The interest rate increases with risk and no collateral means high risk.

    Answer by Anonymous at 5:05 PM on Oct. 6, 2009

  • It's easy to avoid the problem altogether if you just pay cash. No interest on that. Spend less than what you make and you don't need debt, right?

    Answer by halfpint_ny at 7:50 PM on Oct. 6, 2009

  • Because the bank and credit card lobbies give millions of dollars a year to candidates and political parties. If we had true campaign reform, they would have so much less influence.

    Answer by rkoloms at 5:03 AM on Oct. 7, 2009

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