Moredebt, I pay my credit card off in full every month. So I wouldn't know about there interest charges. Your wife should do that too. Really what was the point of the cancellation . Maybe she simple had to many or found one that had a better cash back.
the people owe these banks money, mortgage, credit cards, auto loans, sad, they have no money in banks just debt and interest owed to banks, sad, I guess it keeps the crazy people limited in how much overbreeding and damage they can do. Too buzy paying off debt to overbreed, rape more or cause trouble, that was the plan. deuteronomy 28, for the disobediant Godless. anyway.
C, Bac, and JPM are what Catherine Fitts calls the tapeworm economy. Some people simply put their money in those banks without realizing those banks take money away from their local economies and use it as collateral to build speculative bubbles in derivatives and such.
Because an American taxpayer gets an extra benefit by doing business with a "bailout bank". Not only do they get the product they would like or the interest they want on their deposits just like with a non-bailout bank, but they also help the "bailout bank" earn income, which thereby enables them to repay their obligation to the government (taxpayer) faster. (If no business goes to "bailout banks", then the taxpayer's investment becomes a potential loss.)
Like I said yesterday, the real question is: As an American taxpayer, why wouldn't you do all of your business with a "bailout bank"? It's like shopping at a company you own - you get some of the profits the company made on its sale to you back through your ownership stake.
Obama = 3.8 trillion in PORK SPENDING! we will be borrowing roughly 2 Trilion from communist China. The interest alone will be astronomical. They are mortgaging our future. Both parties are bought & paid for by lobbyist's bribes. We the people cant compete w/ global corps. All of the money goes to the top & they are foolishly pillaging our future.
I was hoping he'd try some change however, he's more of the same on a higher spending level.
p.s. don't invest in the markets. Nothing is being fixed. Our idiotic gov't should have re-instated the Glass Stegal act(enable's commercial banks to be wallstreet corrupt banks w/ no regulation, reversed several loose loan laws in the CRA bill, enforced reg-sho proposals in their precious mkt & get a handle on lobbyists bribes in Washington. BEFORE SPENDING A DIME!!!!!!!!!!11
Principles. Americans have a long history of boycotting businesses they disagree with - why wouldn't they do that with a bank? People don't like a restaurant, they find another. People don't like the business practices of an institution, they take there business elsewhere. Maybe America is different now. That's what I'm curious about.