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Banks and the CC industry are $toopid $mart ... the bulk of their profits are made daily on the 3-4% they make on every single CC transaction .... the interest they make on folks who carry a balance is just gravy.
They eat CC/Debit card losses daily because they know how profitable it is to have the general public "hooked on credit" and using their cards and they laugh all the way to the bank.
They will not kill the golden goo$e .... they make too much despite the frauds and deadbeats who don't pay .... just the cost of doing business.
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