Currently watching this. Tidbits:
- high interest unsecured loans (in the US) became ubiquitous relatively recently because of a supreme court ruling
- tons of dark arts in credit card agreements like arbitrarily adjustable rates
- people justify paying minimums by convincing themselves it's prudent
If I lose my job, I need my savings. I can't live off a credit card.
Dude this is a trip to watch. Usury. Warren. High interest rates. iPod!
Warren: “even I don’t understand my credit card contract and I teach contract law”
What a bunch of loaded BS
Right?! I was surprised Warren dropped by too.