CREDIT CARD BAD BOYS
Posted by admin | Under Bad Credit Repair Saturday Jul 17, 2010
Executives from the financial institutions who received funds from the $700 billion banking bailout faced their critics on the House Financial Services Committee on Wednesday February 11, 2009 in Washington. The chief executives at the hearing are: Kenneth D. Lewis of Bank of America, Robert P. Kelly of Bank of New York Mellon, Vikram Pandit of Citigroup, Lloyd C. Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase, John J. Mack of Morgan Stanley, Ronald E. Logue of State Street, and John G. Stumpf of Wells Fargo. Their silent response to the questioning tells the whole story.
Since this time, these companies have offered little relief to consumers. In fact, they have raised rates on millions of more Americans to help pay for growing credit card losses. The apathy of the American public to this additional “taxation” by the banks is beyond belief. Add to this the fact that Executive pay at the banks is going back up in 2009 (NYTIMES APRIL 25th 2009), and you see we are no longer a nation that believes in “United We Stand,” but rather “Everyman for Himself.”
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Obviously the …
Obviously the PIRATE CREDIT CARD COMPANIES, IE; CHASE are laughing at the U.S Government, yeah they got 700 billion dollars and tucked it away. They know those politicians have NO BALLS AND NO TEETH.. CHASE!
Obviously the …
Obviously the PIRATE CREDIT CARD COMPANIES, IE; CHASE are laughing at the U.S Government, yeah they got 700 billion dollars and tucked it away. They know those politicians have NO BALLS AND NO TEETH.. CHASE!
That right, at …
That right, at least for now. Be save.
I agree, the only …
I agree, the only real freedom left in America comes from not owning anything.
Sorry folks, you …
Sorry folks, you have been had, peed on, scammed and lied to.
WallStreet is rigged and bailouts a fraud, market manipulations,
high freqency trading, flash orders, naked short selling, on and on
Goldman and Govt are in bed, they set the rules to benefit the few
Jobs been exported, your labor devalued to Zero to screw you into debt
Get ready, walk away from your CC cards and mortgage. FICO scores are a
scam to enslave you and keep you in debt. Break away don’t be a sheeple
Protect Yourself
There is only one …
There is only one way to FIX this for good and its ethical to boot the Feds need to put a CAP on intrest that banks can charge ! lets say Prime ratio + 12% or something that would mean the banks would still make 12% on all the cash they lend out stop this 31%+ stuff its killing the country. even the mob didnt charge this amount its sick
Rich u are correct …
Rich u are correct on the JP Morgan useing fed bail out cash to buyout WaMu as sicking as that is. Altho the Minimum payment is not part of the banks idea its what the feds wanted as well as the media has been preaching. example(if u had a 2k credit limit and u payed the min it would take u X years to pay it off) so what they did was raise the Min payment witch use to b 1% of your balance to 2%-and UP
Jamie Dimon is not …
Jamie Dimon is not telling the truth, JP Morgan used the Fed to take over WaMu.
I received a letter from JP Morgan: all well, no changes to your accounts, just a name change to Morgan-Chase.
They have reduced my limits, increased my interest rate and raised my minimum payment.
I wonder if this is …
I wonder if this is all a part of theatrics anymore. Worldwide, government leaders aren’t laughing as before! Those whose corporate, banking & social structuring media tools are “allowing” the investigations while buying time. Digital monitoring is on it’s way to checkmate, also, science fiction movies wouldn’t be possible unless a certain technologies existed. A singularity event is planned to zap freqencies & it’s all about controlling the mind. Turn off that TV! No wonder the chemtrails!..
Credit Card Trusts …
Credit Card Trusts are underwritten by applicants, who are the originators of credit card capital. Credit card limits are monetized through the signature of the applicant & deposited in Credit Card Trusts. The monetized signatures of the applicants become a collateral base for further Corporate borrowing. Interest charged on credit cards accrues to risk seekers who invest in the revenue or interest bearing side of credit cards. Interest is not payed to applicants for monetizing their signatures.
Debt on Credit …
Debt on Credit Cards, is the excuse used to charge astronomical interest rates. The people who DO NOT default are the losers. Banks deliberately pander to bad risk customers, it’s a gold mine of shady profits for them.
I would love to see …
I would love to see all this criminals in prison. They deprive the American People including me from the most basic things we need to “live” day by day. But remember. Problem, reaction, solution. There is always a reason why they expose stuff like this. They want a reaction from us! Why Cause they got the “solution”. What could it be? Digital Money. A microchip implanted for everybody! I don’t want that! That’s slavery!
you speak the …
you speak the truth.Many people don’t know what you just stated. 5***** comment
The truth is …
The truth is unsecured credit cards were given to people with no jobs, no income,etc and the cards were insured by AIG!!!!!!! when the jobless and moneyless couldn’t pay back the credit cards the issuer was given a big fat check for the loss, and the bad debt is sold to collection agencies and you get harrassed for 3 yrs while the original issuer is happy cuz he got paid twice, once by AIG and once by the buyers of the bad debt.. WHAT A SCAMMING BUNCH OF THIEVES!!!!!! arrest and jails them..