Isn't it astounding to see that our government turns a blind eye to the average American, working hard to put food on the table? While that same government will take our money and hand it out to save the banking community and large corporations, in the name of saving the American economy? If the banks and corporations are going to use our money to save themselves, then I ask that every American who owes on a credit card have their debt eliminated to zero. Thats an even trade. We help them, and they help us. However, that isn't the case. Not only will they use our money to keep them from going under, but they will also keep taking our money through credit card bills and interest rates. I ask all Americans to contact their state's Attorney General and demand that all credit card debt be placed at a zero balance in exchange for us bailing those large, greedy banks out. Your thoughts?
6 comments:
Citibank to name just one, has gotten over 50 billion dollars from the tax payers but hounds people late on payments day and night. Pure greed and idiocy mixed together! What a sad commentary on what used to be a great country!
I agree that credit card balances should be zeroed on any bank taking federal funds in any bailout!
The purpose of the taxpayer’s bail out money was to unfreeze credit and stimulate the economy but that has not occurred. This money has been handed over with out to the same crooked financial institutions that screwed up in the first place with out any real stipulations or accountability. Our money has gone to funding obscene company retreats and even more obscene CEO bonuses. Did they really think these corrupt entities would do the right thing or have any empathy for the vary people that “made” them? Here is a thought if they want to help stimulate the economy not only should they forgive the credit card debt but also reverse the negative credit ratings that they have attached to the same credit card debt. If the money had gone directly to consumer balances as well as bring mortgages current and forced a reduction of interest rates on all the high-risk mortgages that were written with the intent to steal from the average consumer people could actually keep their homes and afford to continue making their payments. Yes I agree we have been screwed over with intent by the same crooks that we bailed out. Where is our clean slate or second chance. Unlike the financial “fat cats” who will never change, Americans want a chance to start over.
Its an informative blog post......
I wish the US stuck to it's principles of economics, but it is pretty much too late now. The best we can hope for is that we can retain the right to own property and guns.
Adam, your right to own guns is up to American citizens. Meaning; exactly how much of a fight will we put up if our guns are threatened to be taken away. Any government wishing to take our right to own guns away is not acting in accordance to the U.S. Constitution, and therefore are now acting as a tryrannical entity, rather than ensuring that the Constitution is protected, giving us a reason to act against them, even by force.
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