Mitch Goldstone Quotes
It is good news to me and the other plaintiffs that MasterCard is resorting to drastic measures such as attacking our lawyers instead of disputing the facts of the case. The credit card companies and banks have been deafeningly silent about the case, which I think proves that they know the facts speak for themselves.
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They are using every stall tactic they can to postpone a ruling. I think MasterCard wants to delay the lawsuits because it could cause problems for their planned $2.5 billion IPO.
- Mitch Goldstone
We're not opposed to a cost-based interchange. The problem is the banks got greedy and raised the rates just to make more money. If interchange was actually cost-based, it would effectively disappear. In Australia, the interchange rate is less than half a percent. And Canada is a great example: Business is thriving even though the interchange rate is zero.
- Mitch Goldstone
It is good news to me and the other plaintiffs that MasterCard is resorting to drastic measures such as attacking our lawyers instead of disputing the facts of the case. The credit card companies and banks have been deafeningly silent about the case, which I think proves that they know the facts speak for themselves.
- Mitch Goldstone
