Re:Credit-Card Debt Nears $1 Trillion as Banks Push Plastic
by cylinder on Friday May 20, 2016 @02:01PM
(#11740034)
Lenders just want debt service, not principal paid back. Loans are an asset on a bank's balance sheet.
[ Parent
| on HN ]
Re:Credit-Card Debt Nears $1 Trillion as Banks Push Plastic
by ArkyBeagle on Friday May 20, 2016 @11:18PM
(#11743021)
Are they really even lenders anymore? I'll refrain from colorful characterizations of what they might be. Real
lenders throughout human history want a nice predictable retirement of the debt so they can use reserve multipliers.