The loan sharking banks are the enemy of the people. They scammed us at Basel 2, when they allowed shadow risky off balance sheet banking, leading to liar loans and shoddy underwriting.
Then they continue to gouge us with high cc interest rates, just because they cannot sell their crap bonds, at a time in which they are borrowing from the government at 1/2 percent.
Then they are stealing from the treasury, and are above the sovereignty of the United States. They cannot be taken down by the FDIC they way they should be.
They are at war against the people of the United States and we need new banks. We need to take our money out of the big banks (put money into credit unions or in a jar), walk away from bad loans, walk away from credit card loans if we are in a position to do so, and fight these enemies of the people!!!
by Gary Anderson 9 years ago
The consumer is the catalyst of our economy. The consumer is tapped out by bad loans, too much credit, by a greedy banking system that wanted profits before responsibility. Option arm loans, credit card loans, and other debt will put a dangerous strain upon the economy through 2011 at least. Even...
by Cagsil 8 years ago
Hey Hubberville,I am planning on writing my next about the state of affairs of the Financial business' and Government action.However, I would like to point out one specific problem, for which, needs to be addressed almost immediately. Hence, the reason for the posting.The "credit" crisis...
by erickazoso 9 years ago
I'm curious what others think, in my opinion, the current recession we're in is simply the fault of the people that wanted a house and either couldn't afford their loans or didn't educate themselves properly on the loan they were getting into.
by Gary Anderson 9 years ago
Consumers are being squeezed and the reason is that the cost of living is too high. Commodities, housing, insurance, utilities, medical care, etc are all too high based upon the small increase of wages over the past 20 years. I am not saying that people cannot live frugally, but I believe that the...
by rhamson 9 years ago
With the recent collapse of the insurance companies sub prime rates and government bail outs, can our capitalist based market system be trusted to right itself?
by Credence2 4 years ago
I am on rampage this morning with both guns ablazin' against the Right!Please see the attached article and share your thoughtshttp://www.huffingtonpost.com/2014/12/1 … lp00000592I will begin by telling the conservative, right leaning audience, that, yes, I saw the explanation by Citibank as...
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