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Isn't it Goldman loaning the line of credit? I'm not sure why Apple is getting the flack here. Apple is essentially a dumb middleman that shouldn't care about y
by johnpowell 7y ago
Isn't it Goldman loaning the line of credit? I'm not sure why Apple is getting the flack here. Apple is essentially a dumb middleman that shouldn't care about your credit rating since they have nothing to lose if you default on the loan.
I do get Apple getting shit for partnering with a horrible company. But does anyone know if Apple has any influence over the credit limit? I am having a hard time coming up with a reason why they would.
- wmf 7y agoThe whole point of Apple is that they take full responsibility for the goodness of their products and they don't pass the buck. So when they outsource something and it goes wrong Apple has to own that failure and fix it.
- johnpowell 7y agoAnd yeah, that is why I said Apple gets some blame for choosing a horrible bank to partner with. But my point is that Apple doesn't have some fancy algorithm deciding females are 1/10th a person. Goldman does..
- ymolodtsov 7y agoWhat makes them a horrible consumer bank? They didn’t really have a consumer division before. If Apple partnered with, idk, Bank of America you could have a prior experience to project.
- eknkc 7y agoBut its Apple Card? Why do I care about the business relation of Apple and GS or whatever? If my MacBook CPU fails, its on Apple, not Intel. I don't care where they got it. I don't have an Apple card though, not available here.