Breaking🚨: Is this why Pelosi sold Visa?
Breaking🚨: Is this why Pelosi sold Visa? The Credit Card Competition Act, legislation aiming to break up the Visa-MA duopoly, was just introduced to the House If passed, $V will no longer own the monopoly on CC fees Reminder: Pelosi sold $7M worth of Visa in the last 6 months
More competition will result in lower fees for $V and $MA meaning a race to the bottom as average revenue/transaction plummets and operating margins erode" $V & $MA own 83% of the credit card market
"During a recession $V outperforms as more people resort to taking on credit card debt to pay for their everyday living expenses." So what else is in this bill that's making her sell? Read the full Visa Pelosi Sell Report here: autopilottracker.com/p/nancy-pelosi…
Source on the actual bill: welch.house.gov/media-center/p…
