Used to work for a big bank. They make most of their money charging 10 to 25 interest on credit cards. Banks were profitable when Glass Stegall was in effect. T

Used to work for a big bank. They make most of their money charging 10 to 25 interest on credit cards. Banks were profitable when Glass Stegall was in effect. That was passed in the 1930s. https://en.wikipedia.org/wiki/Glass–Steagall_legislation https://en.wikipedia.org/wiki/Glass–Steagall_legislation