Comments on: Money Quote Friday – American Debt Edition. http://www.mytwodollars.com/2007/08/17/money-quote-friday-american-debt-edition/ A place to discuss money...for the rest of us. Tue, 22 May 2012 00:24:51 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: MoneyNinghttp://www.mytwodollars.com/2007/08/17/money-quote-friday-american-debt-edition/#comment-18569 MoneyNing Sun, 19 Aug 2007 20:54:01 +0000 http://www.mytwodollars.com/2007/08/17/money-quote-friday-american-debt-edition/#comment-18569 I think there is something weird about the way they calculate the country's net worth. For sure, we would calculate the assets AND the liabilities right? Unless we have a lot of assets to to cover for the debt, I don't think we should be ranked high at all. I think there is something weird about the way they calculate the country’s net worth. For sure, we would calculate the assets AND the liabilities right? Unless we have a lot of assets to to cover for the debt, I don’t think we should be ranked high at all.

]]> By: Pat Verettohttp://www.mytwodollars.com/2007/08/17/money-quote-friday-american-debt-edition/#comment-18338 Pat Veretto Fri, 17 Aug 2007 22:30:18 +0000 http://www.mytwodollars.com/2007/08/17/money-quote-friday-american-debt-edition/#comment-18338 I never lend money any more. When people are in a bind money wise, if I have it, I give it to them, no strings attached. Sometimes I'm surprised and they pay me back, but I don't give with that expectation. That's saved a few friendships/family relationships. I never lend money any more. When people are in a bind money wise, if I have it, I give it to them, no strings attached. Sometimes I’m surprised and they pay me back, but I don’t give with that expectation. That’s saved a few friendships/family relationships.

]]> By: Interrobangerhttp://www.mytwodollars.com/2007/08/17/money-quote-friday-american-debt-edition/#comment-18326 Interrobanger Fri, 17 Aug 2007 19:33:09 +0000 http://www.mytwodollars.com/2007/08/17/money-quote-friday-american-debt-edition/#comment-18326 I'm not surprised about the credit cards. Heck, there's almost nothing you can tell me about Americans and credit card problems that I wouldn't believe. It's not too hard considering how secretive the card companies are themselves about their own rules. Take for example the work I do, for the Merchants Payments Coalition -- the issue is the interchange fee, which is a long story, but you can read about on our website, UnfairCreditCardFees.com. Visa and MasterCard have fought any attempt to release the agreements merchants have to sign with them. Not only that, but merchants can't add a surcharge per item, that violates the rules too. But they can't tell their customers about the rule! It's bizarre. Things might be changing, but I bet it'll still be ridiculous no matter what. I’m not surprised about the credit cards. Heck, there’s almost nothing you can tell me about Americans and credit card problems that I wouldn’t believe. It’s not too hard considering how secretive the card companies are themselves about their own rules.

Take for example the work I do, for the Merchants Payments Coalition — the issue is the interchange fee, which is a long story, but you can read about on our website, UnfairCreditCardFees.com. Visa and MasterCard have fought any attempt to release the agreements merchants have to sign with them. Not only that, but merchants can’t add a surcharge per item, that violates the rules too. But they can’t tell their customers about the rule!

It’s bizarre. Things might be changing, but I bet it’ll still be ridiculous no matter what.

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