From: Michael Froomkin <mfroomki@umiami.ir.miami.edu>
Date: Fri, 18 Aug 95 11:23:20 PDT
To: "Perry E. Metzger" <perry@piermont.com>
Subject: Re: SSL challenge -- broken !
In-Reply-To: <199508181629.MAA02496@frankenstein.piermont.com>
Message-ID: <Pine.3.89.9508181449.A623131443-0100000@umiami.ir.miami.edu>
MIME-Version: 1.0
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On Fri, 18 Aug 1995, Perry E. Metzger wrote:
> > The credit card market has thin margins?  That's news to me.
> 
> Its true. The issuers often end up making most of their money for a

actually the NYT reported this week that banks make super-profits on 
credit cards.  economists are not sure why the margins are about 3 times 
that of other lines of biz.

A. Michael Froomkin        | +1 (305) 284-4285; +1 (305) 284-6506 (fax)
Associate Professor of Law | mfroomki@umiami.ir.miami.edu
U. Miami School of Law     | 
P.O. Box 248087            | It's hot here.  And humid.
Coral Gables, FL 33124 USA |
See http://www-swiss.ai.mit.edu/6095/articles/froomkin-metaphor/text.html
and http://www.law.cornell.edu/jol/froomkin.htm