[Marxism] [Pen-l] Chase Manhattan late fee

[Shane Mage]

On Sep 26, 2008, at 6:59 PM, michael perelman wrote:
> ...In 2004, banks, thrifts, and credit unions
> collected a record $37.8 billion in service charges on accounts, more
> than double what they received in 1994...

A 7% p.a. rate of increase sounds like a lot--but what was the rate of  
increase of the
underlying indebtedness over that period?

Shane Mage

"Thunderbolt steers all things...it consents and does not consent to  
be called Zeus."

Herakleitos of Ephesos