I know this isn't what you mean, but yea, I personally think he earned that rant.
And the fines on the books capped out at something like 5-10k for Visa & Mastercard
They need to have the fines raised and their fees capped. Visa: $35B revenue, $20B profit. MC: $28B revenue, $13B profit. That is outrageous. They do next to nothing. Nearly nothing now that the internet exists and can easily be delivered via LEO satellite.
I hate nationalizing things but we already have a national check clearing house. What the fuck are we even doing with this bullshit in 2025?
I know this isn't what you mean, but yea, I personally think he earned that rant.
They need to have the fines raised and their fees capped. Visa: $35B revenue, $20B profit. MC: $28B revenue, $13B profit. That is outrageous. They do next to nothing. Nearly nothing now that the internet exists and can easily be delivered via LEO satellite.
I hate nationalizing things but we already have a national check clearing house. What the fuck are we even doing with this bullshit in 2025?
Agreed. This is one of the few areas where nationalisation makes sense, in my opinion.