The bailout is a swindle if we are paying higher interest

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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fishfish
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The bailout is a swindle if we are paying higher interest

Postby fishfish » Wed Nov 12, 2008 8:35 pm

I'm not necessarily talking only about credit cards but mortgages, car loans and all credit in general. Don't you feel like we've been swindled with this bailout money? It was pushed through fast and the banks our money but instead of giving us credit and lowering our rates they have done the opposite AND then had the nerve to use the money for acquisitions instead.

I'm really not happy about this all. Good deal for them but a bad deal for us.


goober
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Postby goober » Thu Nov 13, 2008 12:07 am

no one is happy with it.... total fascism!!!!

thankfully credit cards on average i think have gone down a little but have you seen mortgage rateS? there is no reason at all they should be going up like this when the banks are getting all this dirt cheap money from the fed.

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fffresh
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Postby fffresh » Thu Nov 13, 2008 3:33 pm

Interestingly the government put the kabosh on the banks proposal last week to forgive up to 40% of consumers credit card debt. Apparently they feel our taxes should only be used to help big business instead of ourselves.

kiboko
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Postby kiboko » Thu Nov 13, 2008 7:24 pm

Paulson is a TRAITOR who should be prosecuted and punished with the DEATH PENALTY!

He forced congress to vote for this scam and told them marshall law would be enforced if they didn't..no joke Rep Brad Sherman did interviews about it quoting Paulsons words. Now that they used scared tactics to pass it they are screwing us over and not using the money how they should. It's welfare for corporate America and does nothing to help out us in need.

BONECRUSHER
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Postby BONECRUSHER » Fri Nov 14, 2008 1:33 am

Paulson is a crackhead and has no idea what he's doing. He says one thing and then flip flops later and he says he never intended to buy mortgage securites anyway and he was thinking this before it was even approved by congress. I think we are going into a depression. I'm back to coupon cutting and saving cash anyway I can.

AnthonyBarone
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Postby AnthonyBarone » Fri Nov 14, 2008 7:29 pm

Thats why the pushed on us and hustled to get it the go ahead so quickly. Thing turns out to be nothing but another of W's ways to make the rich richer and the poor poorer. The average folks like you and I are getting the shit end of the stick with it all.

Floppster
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Postby Floppster » Sat Nov 15, 2008 9:52 pm

BONECRUSHER wrote:Paulson is a crackhead and has no idea what he's doing. He says one thing and then flip flops later and he says he never intended to buy mortgage securites anyway and he was thinking this before it was even approved by congress. I think we are going into a depression. I'm back to coupon cutting and saving cash anyway I can.


You think we are going into a Depression ? Don't you think we hit that target already ?
Intellectuals solve problems. Geniuses prevent them.
- Albert Einstein 1879-1955

bikermike
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Postby bikermike » Sun Nov 16, 2008 6:28 pm

Call it a swindle or whatever else you want to say but whatever the case we are going to need one big 'swindle' to get us out of our national debt from all this.

Floppster
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Postby Floppster » Sun Nov 16, 2008 8:18 pm

bikermike wrote:Call it a swindle or whatever else you want to say but whatever the case we are going to need one big 'swindle' to get us out of our national debt from all this.


Oh Boy we need a very big swindle otherwise we be screwed. I hope somebody is really good in swindling. Can't we just swindle to China and tell them we never borrowed all that money from them ? :ppp

\\\\\\
U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 17 Nov 2008 at 02:24:33 AM GMT is:
$ 1 0 , 5 9 0 , 7 7 8 , 8 8 8 , 1 6 4 . 7 7

The estimated population of the United States is 305,107,778
so each citizen's share of this debt is $34,711.60.

The National Debt has continued to increase an average of
$3.81 billion per day since September 28, 2007!
Concerned? Then tell Congress and the White House!
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Intellectuals solve problems. Geniuses prevent them.
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HYENA
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Postby HYENA » Sun Oct 11, 2009 7:07 pm

The republicrats are all about getting themselves rich. Where TF did the 5 billion go that was missing and no one will talk about? The media's paid, the public was against the stim package and obama broke his promise about slamming legistlation through and he did it and screwed us over. They're all evil bastards.



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