Oct 23
"CitiBanks 29.9% Interest Rate Hike" by Karl Denninger "This is the sort of thing that, in my opinion, makes meaningful economic recovery impossible. (Click for a larger copy.) Here's what it says: "To continue to provide our customers with access to credit, we have had to adjust our pricing. These changes include an increase in the variable APR for purchases to 29.99% and will take effect November 30, 2009. (It then goes on to say that if you pay on time you can get 10% of your interest
