Comments on: Debtors Revolt (Ann vs. Bank of America)

By: jischinger

jischinger — Wed, 16 Sep 2009 03:06:31 +0000

Time to start looking at interest rates and bank fees as a tax since the banks own the place anyway what else can you call it, but a tax on the working class

Only you don’t get any services or R&D or benefits, all you get to do is put more of your hard work and savings in the pockets of the already socialist wealthy elite who see you merely as a means to an end, a statistic, part of a profit margin, but never ever as an American or a human being.

They want you to work, fight and die for them so they can throw little bits of paper at you. Their goal is to create the New General Store – a scheme imposed on Native Americans in the 1800s – forever in debt at twice the cost. a.k.a. indentured servitude.

As the saying goes, the most dangerous man is the man who has nothing to lose.

We’re getting closer and closer to picking sides.
I know what side I’ll be picking.

Allons enfants de la patrie, le jour de gloire est arrive!
click

By: sukatra

sukatra — Wed, 16 Sep 2009 02:00:33 +0000

Oh shut up all you people who have jobs and positive balances in your bank accounts and stuff. We losers have to have something to cpmplain about. I’m getting hosed by overdraft protection charges. Man, that disability thing better come through fast or I’m gonna end up in the pokey.

By: Alexis Olson

Alexis Olson — Wed, 16 Sep 2009 01:49:23 +0000

@15 Holy cow, that’s expensive! That’s about five times the rate here.

By: NutCheese

NutCheese — Wed, 16 Sep 2009 01:37:39 +0000

I live in the ghetto. I’m not buying anything.

You too can rent a one bedroom apartment in my ghetto for the special going rate of only $2600 a month!

By: southerntuber

southerntuber — Wed, 16 Sep 2009 00:23:47 +0000

Speaking of buying a house, maybe NutCheese can answer this:

How the hell do people afford to buy in San Fran? Loans longer than 30 years? No down payment? How is it done?

By: Alexis Olson

Alexis Olson — Tue, 15 Sep 2009 22:55:19 +0000

@12 Exactly! A big part of the economic troubles we’re in comes from people buying what they can’t afford. Even as a “poor graduate student”, I tend to spend significantly less than I can afford. (It helps that I don’t have a car.)

To buy something like a house, it’s difficult not to go into some debt, but it is probably unwise to take out a loan that will take 30 years to pay off.

Personal responsibility aside, yes, those credit card rates are usurious.

By: Marilyn

Marilyn — Tue, 15 Sep 2009 22:26:32 +0000

The answer to America’s credit problems is quite simple: Don’t spend more money than you have. I use credit cards rarely, and pay the balance in full each month. I don’t run out and buy every new gadget that comes out and I don’t spend to make myself feel better. I buy only what I need when I need it and can afford it.

I am sure the rate increase would not have been a surprise if she read the little inserts that come with her bill every month. I actually don’t know anyone who DOES read them, but still, by using the card she agreed to their terms.

Having said all of that, I do feel she got screwed by her credit card company.

By: Alexis Olson

Alexis Olson — Tue, 15 Sep 2009 21:51:22 +0000

@10 What is the difference? I’m not familiar with those terms.

@9 NutCheese, I’m curious what your major is in school (or if you haven’t declared one yet, what it will be). I’m imagining something like scatology.

By: Peter Coffin

Peter Coffin — Tue, 15 Sep 2009 21:11:42 +0000

Capitalism 2.0 or Social Capitalism – which do we like better?

By: NutCheese

NutCheese — Tue, 15 Sep 2009 20:32:50 +0000

Oh and I can’t leave out biology which I happen to detest the most out of all my classes. In biology I’m learning about cells and blood types so slitting my wrists may count as lab credits.