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Apple Talking With JPMorgan Chase About Potential Apple Card Partnership
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It’s not an issue for customers, it’s an issue for the credit card company. When everyone has a a billing cycle end on the same day, most of the customers will be trying to reach customer service at the end or start of every month. Goldman Sachs had issues with staffing because they really only needed extra staff during these couple days of the year when it cycled for everyone but then there were far fewer customers seeking support the rest of the month.
Yup, others in the industry were having a good laugh at GS when they bought this business. the charge off is going to be massive.
Not likely to happen in EU countries. With such excessive regulation and interference in business decisions who could blame them? Within five minutes the EU regulatory would filing some kind if a action that would ultimately end up making offering the service much profitable than it needs to to sustain the product.
Tell what you know to be fact here regarding GS or is it just standard resentment of wealth and banking sector?
Actually, Goldman didn't buy anything so no one was laughing at them for buying a business they didn't buy. It was a start up credit card not built on the shell of any other credit card. Second, most of the costs and investment have already been written off. Please do expand on your laugh comment with one details and facts. I am interested the facts behind what you said.
'Griftopia': The Financial Crisis Easily Explained
Rolling Stone contributing editor Matt Taibbi's columns have been a destination for those trying to understand what happened in the aftermath of the financial meltdown. His new book tries to make the subject even clearer — in the colorful language his readers know well.
www.npr.org
Here is a nice list to start with
Goldman Sachs controversies - Wikipedia
en.m.wikipedia.org
Be specific with facts regarding the current situation with Goldman and Apple please. That is what this article and the discussion was about. Rehashing the 2007-8 crash and other controversies not connected to the topic via a wiki only affirms what I said. Living in the past is not an answer to what I asked.
Personally, I really would not want AMEX.
Apple Card is my main credit card (though I do have 2 other credit cards). AMEX is not as widely accepted in the places I move around when compared to Mastercard or VISA. Other than that particular issue, I really don't care.
Apple Card is my main credit card (though I do have 2 other credit cards). AMEX is not as widely accepted in the places I move around when compared to Mastercard or VISA. Other than that particular issue, I really don't care.
This makes a lot of sense. I wonder why it seems that Apple is making this such a big issue. Yes, it looks very neat and tidy when a person can expect their billing cycle to end/begin as the cycle in/out of a new month. But, it's not like we don't already have experience with OTHER credit cards so we do know what it means when the credit card due date is some time other than at the end of the month.
Just like Chuckee did, you are referring to past sins of 17 years or so ago to issue and strengthen your new indictment of GS over the Apple Card and GS's failed move into consumer finance. No one quibbles or disputes the underlying causes of that crisis. How much do you actually know about the details and the market for mortgage backed securities?'Griftopia': The Financial Crisis Easily Explained
Rolling Stone contributing editor Matt Taibbi's columns have been a destination for those trying to understand what happened in the aftermath of the financial meltdown. His new book tries to make the subject even clearer — in the colorful language his readers know well.
References to financial markets issues from that time period are not germane to the issues raised in the article. Nor is references to industry leadership from a full generation ago. It's not the same people running the show, is it? Who did GS bring down over the Apple Card other than themselves? Did their failed foray into consumer finance bring down the financial system? Collapse the housing and financial markets? Did you work in the industry? What is your personal reference point? Links can easily be found to support anyone's position on what happened a generation ago.
I said that it was a good thing Apple got such good terms from GS, such that GS lost badly trying to enter the consumer credit card market. That it was a good thing that GS got “all messed up” Because GS is a vile company and they deserve any bad things that happened to them because of All of the bad things they’ve done to other people in the past.
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