I do write Hubs about stuff like this But even if I didn't I would be spreading the word, walk away from every loan you can. Here is the deal, the banks scammed us with Basel 2 shadow banking. That allowed liar loans, and the house bubble and crash. Then they got a huge stimulus while we got peanuts from the government. Then they didn't lend their stimulus, and they borrowed from the fed at 1/2 percent and didn't pass the bonanza onto the credit card holders.
I am the greater fool if I don't get what is going on here. We are getting screwed by the banks and the government THAT THEY CONTROL. Even the new credit card bill didn't cap interest rates so the money changers, ie the big banks, can continue to rape us with massive usury while the sleazy politicians don't even care.
I realize that some of you who are more vulnerable to FICO scores than others, and I am not a lawyer or a financial advisor, but I want a protest against the scam banks and scam government who are jeopardizing the economy by not helping the consumer, but rather are only helping their cronies.
If you can't walk away from your loans, pull the money out of the big banks and put it under the mattress or in credit unions.
We need to step on the necks of these serpents while they are writhing on the ground. We may never get another opportunity to do so.
I agree on that note. A small biz owner would lose everything if he *crashed* financially if the govt goin be bailing out the bankers...the owners should be tossed out n replaced. at the least to show consumers ...a change of management n make for more security and trust.
I am a lawyer and alreaedy pulled my money out of the banks. I take my paycheck into my former bank every two weeks and cash it. They hate giving me that much cash but there is nothing they can do. I make a good living but it won't break the bank, but it makes the branch's books look bad. Branch managers are compensated by the amount of cash reserves they retain. Taking out over six thousand a month in cash does not help those books. My own little rebellion.
Bravo bgpappa! nothing wrong with making a statement one way or another lol
Well it makes me feel better. My account got hacked into and bank failed to stop it even after being notified. So now I rebel.
I hear you, a few people I know were astounded here when it happened to them also
by Jen King 8 years ago
NEW YORK (CNNMoney.com) -- General Motors has made a final payment of $5.8 billion to the U.S. and Canadian governments, paying off the last of its $6.7 billion in loans, the company said Wednesday."I am very pleased to announce that, as of today, General Motors has repaid, in full and with...
by Robert 9 years ago
Just watched a video on PBS about local governments suing banks to recover bailout money. It's claimed the banks have created a public nuisance by allowing large number of foreclosures to occur, destroying neighborhoods and reducing the tax base.Are lawsuits the only solution for local...
by Barefootfae 5 years ago
http://www.myfoxdetroit.com/story/20264 … support-usOnce again....people say there is no entitlement mentality in out nation.I say BS.
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 earnestshub 8 years ago
GM reckon that although they had a lousy year, the will be in profit this year and all the bailout money is to be paid back by June.There have been quite a few companies paying the bailout money back. Is this another positive indicator?
by pgrundy 8 years ago
Saw this in the NYT this morning:http://www.nytimes.com/2009/12/01/busin … g.html?hpwBasically, after getting billions handed to them on a silver platter, it turns out they have not been maintaining appropriate reserves to pay their claims for the past decade. This isn't just in the small...
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