Swine flu is what we should call the federal government’s bank bailout program.
There are trillions of dollars being allocated for the banking system and none of this money is intended to service the consumers of these institutions. Lending has all but dried up and interest rates on deposits have not moved an inch, but the interest rates on credit cards are steadily marching skywards.
Keep in mind that these so-called lenders are getting these Fed loans at zero percent. I am imploring you all to keep an eye on the fine print because that is how these banks will attempt their legal mugging of our wallets…
Out of network bank ATM fees – That is how I always get slaughtered on the low. Bank of America charges me $3 at the machine and Chase hits me in the head for $1.50 on my statement. That’s $4.50 for a $40 withdrawl. Lucky for me I had $45 in my account.
Balance transfer fees – I used to try to skip around and put my card balances on cards with lower interest rates, but now the transfer fees are negating what saving that might have given me. $100-$150 is now the going rate.
Foreign exchange fees – When you use your cards in foreign lands you ever wonder what that monster chunk of money was that got pulled from your account? Check cashing stores don’t put their hands on your money as much as credit card issuing banks do.
Cash advances – This is something I hope you never, ever have to do. The cash advance is clearly what was described in Revelations as the mark of the beast. All bets are off for the interest rates on these things.
With all the pigs who administrate the banking system I would rather take my chances on avoiding Swine Flu from tainted dollar bills. Either way they have me coming and going.
This entry was posted on Sunday, May 3rd, 2009 at 10:18 am and is filed under C.R.E.A.M., Harpers Weekly Review, HUFF YOU!, Politricks, Social Upheaval, Wig Owners. You can follow any responses to this entry through the RSS 2.0 feed.
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These damn banks are taking fed money and instead of using it to service the public [II], they are busy buying up assets for their own business BS.