American consumers bailout banks: Banks return the favor by raising fees
Posted on 11. Jul, 2009 by Nathaniel Bacon in Business & Finance, Economy, Israel & Jewish Issues, Nathaniel Bacon, Top Stories
Have you received your thank-you note? I’m still waiting for mine.
More than a year into the Wall Street bailout, I’ve yet to get any sort of “Thank you” from even a single one of the big banks that you and I propped up with $12 trillion in direct giveaways, indirect giveaways, government guarantees and sweetheart loans. You’d think their mommas would have taught them better. But I’ve begun to think that waiting for a simple gesture of banker gratitude is like waiting for Donald Trump to have a good hair day—ain’t gonna happen.
Far from showing appreciation, the largest banking chains are now going out of their way to stiff us.
Instead of nice notes, they are quietly slipping new gotchas into our monthly credit card bills and bank statements. In June, for example, Bank of America abruptly raised its fee for a basic checking account by 50 percent. Citibank jacked up the interest rate on some of its cards to 29.99 percent. And JP Morgan Chase more than doubled the required minimum payment on its cards.
To add insult to injury, the banks blame us for their rate increases. because the economy is such a wreck (massive job losses, falling incomes, millions of home foreclosures and other unpleasantness), industry spokesman say there is a greater risk that customers will bounce checks or fall behind on their credit-card payments. Thus, claim purse-lipped bankers, they must protect themselves from us by ratcheting up rates and fees. “There is an increased riskiness around repayment because of the recession,” spaketh one lobbyist from the financial giants.
Glade doesn’t make enough “Spring lilac” to cover up the stench of this argument. Come on — it was greed and incompetence of Mr. Jolly Banker that wrecked our economy, caused the recession and forced the odious bailout on us. They want us to pay for that? ARTICLE
Banks….a license to steal.
Banksters are mostly Jews. These million dollar bonuses went to Jews, granted to them by fellow Jews who control congress.
What other job can you get and be rewarded with millions of dollars for bankrupting the company??? I could have bankrupted America for half what they paid these Jews although I have to admit these Zionist bastards did an excellent job of destroying the dollar.
Jews look out for fellow Jews. Us goy are the slaves paying for these Jews to live like kings while we live like the peasants we are.
Us goy are the slaves fighting Israel’s wars in Iraq, Afganistan and other middle-eastern countries.
Face it: Americans are slaves to the Jews. They control every facet of our lives from who represents us in Washington, interest rates, the price of food, the price of energy, the shows we see on television, the news we read in the paper and what wars we fight.
Goy = Jew slave
Got it??
One more month and that finishes my credit card debt.
No more credit card debt except for petty purchases of documentaries.
Hallelujah.
If you don’t have the money you can’t afford it. Most of us have to live that way, why the hell can’t the government? Spending money none of us have, is not going to fix any problems we currently have. What that does is make sure the problem exists in the future.
Find out what caused it and eliminate that. End of the problem.
One sign that credit is just enslavement, do they, when you are taught early mathematics,ever say anything about credit?
Have you ever seen this problem:
Susy wants to bake a pie for the fair. Susy needs seven apples to make her pie. She only has money for three. But Susy also has to pay her water bill, which ironically is the same amount as three apples. If Susy pays her water bill, how many apples can she get on credit?
Well, Bel, people are constantly bombarded with advertisments to buy things.
Some can resist.
Some can’t.
I know of one poor soul, a postal clerk, whe owes 6 figure debt.
Nothing I can do about it. I’m digging out from under. ONE MORE PAYMENT! GREAT GOD ALMIGHTY! ONE MORE PAYMENT.
That’s where Obama’s “stimulus” package went — it “stimulated” me to draw down debt.
These banks get jack from me — I use credit cards but pay them off at the end of the month — yeah every month. Do not get into debt and if you are in debt get out of it.
And a244 you are right about them bombarding people with consumerism. The jews go after the college kids enticing them to get credit cards with free stuff which turns into a lifetime of servitude.
enough with this ‘blame the jews’ bull.blame your own ‘gee,gimme more’ attitude.or better yet,stay the hell out of wal-mart,k-mart and the dollar stores.but that aint gonna happen for any of you guys,now is it?..speaking as a jew,I am appalled at where our country is today and if you want to blame any particular institution,try the last 8 years of government and the world wide inability to 1.stop breeding indiscriminatley 2.stop this attitude ‘we are americans,therefore we deserve this or that because we are primarily ‘christian’…how about developing some ethics or keeping the ones we put forth in the bill of rights and the the declaration of independence…both rather seditious documents and ones that today would have us put on the government watch list..