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Originally Posted by Dollarmansteve
The bizarre logical leap that somehow going public = more liberal ??? makes no sense.
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Well, it might not be all that bizarre. Many mostly privately owned companies (BMW, Wal Mart, etc.) are conservative because the main shareholders try to push their own conservative views, while many share companies are solely profit driven, and follow the motto: "whatever makes a buck".
I remember the old battle between VHS and Betamax. Beta was the better system, but lost the 80s video format war, mainly due to family influenced, personal BS.
I also think the Visa deal can't be compared to MC, Colin had a good point. Times have changed. Everything is going down the shitter right now, including the US$. Real estate crisis and mortgage crisis is just one side. The feds (taxpayers) might be able to bail out the banks out to some degree here. People have been dipping into into their equity for years, now there is no equity, so they go into CC debt. I bet in a year, or so, the word "credit card crisis" will evolve. So I believe the CC companies will have to come down from their high horse eventually, they already did in Europe.