17 Dec
2003
17 Dec
'03
11:17 p.m.
On Fri, 18 Aug 1995, Perry E. Metzger wrote:
The credit card market has thin margins? That's news to me.
Its true. The issuers often end up making most of their money for a
actually the NYT reported this week that banks make super-profits on credit cards. economists are not sure why the margins are about 3 times that of other lines of biz. A. Michael Froomkin | +1 (305) 284-4285; +1 (305) 284-6506 (fax) Associate Professor of Law | mfroomki@umiami.ir.miami.edu U. Miami School of Law | P.O. Box 248087 | It's hot here. And humid. Coral Gables, FL 33124 USA | See http://www-swiss.ai.mit.edu/6095/articles/froomkin-metaphor/text.html and http://www.law.cornell.edu/jol/froomkin.htm