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Old 09-23-2008, 04:45 PM
allenwrench allenwrench is offline
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Default What's this I hear...bailing out bad credit card debt?

What's this I hear?

The lying rhetoricians are now talking about bailing out the banks with their bad credit card debt?

I thought the excuse for charging 18% to 24% interest rates was to compensate the banks for risky cc loans?

Now they want the usurious interest rates guaranteed?

One old timer on PBS news came up with a solution that sounded novel in this day and age of giving money out for free.

He said loan the money to Wall Street, take collateral back and charge them interest. He said test it and don't fall for the lies.

I support testing not more lying.

Remember Paulson was at Goldman Sachs for 32 years. If he is such a genius why didn't he say something about the meltdown before this?

Begin in haste...repent at leisure.

Last edited by allenwrench; 09-23-2008 at 04:49 PM.
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