Hey, Visa/Mastercard/Citibank/etc, out of ideas? Why not mark up and conceal fees on foreign transactions?

21Dec07

If you are a Visa- MasterCard- or DinersClub-holder, and you have been out of the country any time from February 1, 1996 to November 8, 2006, you are most likely a member of the Settlement Damages Class in the case In re Currency Conversion Fee Antitrust Litigation, MDL No. 1409 (MDL 1409).
Taken from the settlement [...]

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Tags: bank of america, citibank, class action lawsuit, credit card fees, dinersclub, foreign exchange, mastercard, MDL 1409, settlement, visa

Oops, You’re a Communist

17Dec07

Here’s what happens when you develop into a communist dictatorship with a centrally planned economy.

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Tags: capitalism, communism, democracy, economy, free market, north korea, south korea