Friday, March 07, 2008

Kendall v. Visa (9th Cir. - March 7, 2008)

Want to know how credit cards work; in particular, who gets what money (and what percent) when you buy something with a credit card? Judge Bea tells you in pretty exhausting detail. And also gives you a keen sense that there's a ton of money made by a ton of different groups here, who may also be colluding to make sure it stays that way.

So fun stuff. By contrast, thus far, the California Court of Appeal has published four things today (here, here, here, and here), every single one of which is merely a modification of a prior opinion. Zzzzzzzzzz.