Bankers getting money at near ZERO and want to charge me 103% intrest

[blackangst1]

Over a half hour reply to the idiocy from blackangst lost, but he can refer for one example post before the 2006 elections here.

http://forums.anandtech.com/showthread.php?t=1949663&highlight=progressive

The phrase 'progressive Democrats', not Democrats, is used. It also discusses the danger of the Democrats being corruped by corporate money once they are in charge - which has happened.

He also doesn't seem understand I said then and now, it's better for Democrats to be in charge if Congress evemn WITH the bad corporatists. The Party agendas are still not the same.

It's just unfortunate that the Democrats have veered well to the wrong side in power. It's still a lot netter than the Republicans beng in charge as I wrote before very clearly.

Seriously. Not even *I* am this partisan. Thank God there arent many of your thinking in power. Thinking like this is what starts wars.

 

[Craig234]

So in other words "Progressive" Democrats == Humans.

Why do crazy people respond to my posts and praphrase them into something totally different?

Humans are human, what are you talking about?

Progressiies are people have a politicial orientation that's for the common good - which includes respsect for individual rights. At the heart of their view is not 'selliing out' the public to concentrated interests.

Money buys ads to elect people. Sometimesit's enough to overcome the legitimate issues, sometmes it's not.

What we're dealing with here are propagandized people who don't understand much what they're voting for, but the marketing takes care of them feeling like they make the right choice - marketing that costs money.

Seeing a guy every day, in attractive photos with community groups, flags, good causes, with nice sounding sound bites.all tell you 'he's ok'. Attack ads on the money make you feel fear, uncertainty, doubt.

Many people don't realize that the pretty ads cost money amd the money comes mostly from people who are wanting to buy access.

I seem unable to say it enough: Politicians have to LOOK good to the people and DO good for the donors.

Progressives are dedicated to the public interest in ways others are not.

Sure, go ahead, vote new "progressives" into office, and watch them be human too. Then next election vote in a whole new set of "progressives" into office, repeat the process over and over and over again.

That's not how it works, it's you beng naive and simplistic not understanding people's agendas.

The easy way to get elected is to take the big money and buy the big ads. The hard way is to run without selling out.

A survey was done of CA freshmen legislators recently and they were asked the #1 problem they had; they said 'having to raise funds constantlyto get elected'.

When a progressive runs, they are about those principles of putting the pubic first, and when they win they are not incllined to sell out as ou suggest.

Look at the facts and stop being a blind ideologue for a moment to see how the progressives behave. Many are in office for decades. Are they doing what you say and sellig out? No.

Seriously, what kind of alternate agenda do you have around here?

An agenda of truth, honesty, what's good for people - individuals, the nation, the human race.

You are hell-bent on saying all Republicans are evil, and also hell-bent on telling us we need to remove corporate interests through more government policy & wealth redistribution...

You are a sinmpleton who doens't understand how much of wealt redistribution is from govenment poolicy.

When it goes one direction, you call it the bad word 'redistribution', when it goes the other you don't.

There's really not much point talking to you, you are filled with gibberish on issues of what helps people.

The fact you throw around word lke 'redistributionst' like that's the whole discussion of what policy should be makes you a waste of time. You don't begin to understand the issues it seems to me.

You would have been the guy in 1775 who was among the third of the public telling our founding fathers they were crazy talking about giving people a vote.

 

[Craig234]

Seriously. Not even *I* am this partisan. Thank God there arent many of your thinking in power. Thinking like this is what starts wars.

Do I need to say to you every post you are an idiot? It's seeming so. I won't bother with the idiocy.


But for the one thing to respond to: define "partisan".

 

[rchiu]

You're clever. I guarantee you if I had nothing to lose I'd fuck these bankers as hard as they fucked the taxpayer and homeowner. Unfortunatly I have people in my house who won't dig if I ruin our credit.

See unfortunatly I'm not a big bank who can create a division slap a AAA Dun and Bradstreet credit rating on her and strategically default when I feel like it with no effect to core business. I must personally guarntee everything. I get one shot. That's it.

See what I don't get is why people keep going to credit card for money if the rate is so unreasonable. This is a free market, supply and demand right? If banks are charging 100% interest on credit card, just pay it full at the end of the month. Banks have to find other lower interest rate ways to flush out all those zero interest borrowed money if no one borrows on those 100%+ interest correct?

The problem with the US market is all those idiots keep borrowing against high interest credit cards and keep buying those they cannot afford. That's why there is a market for such ridicules interest. Bank is just doing what's economically viable.

Blame the idiots keeping borrowing against credit cards. Ask government for more regulation is not solving the problem.

 

[jackace]

See what I don't get is why people keep going to credit card for money if the rate is so unreasonable. This is a free market, supply and demand right? If banks are charging 100% interest on credit card, just pay it full at the end of the month. Banks have to find other lower interest rate ways to flush out all those zero interest borrowed money if no one borrows on those 100%+ interest correct?

The problem with the US market is all those idiots keep borrowing against high interest credit cards and keep buying those they cannot afford. That's why there is a market for such ridicules interest. Bank is just doing what's economically viable.

Blame the idiots keeping borrowing against credit cards. Ask government for more regulation is not solving the problem.

This is great and all, except our entire system is built around banking and credit. You can tell people not to use it, but in this day you can't run a small business without credit. That is just a reality of the market place. These banks know it and put these small business owners in a very hard spot by greatly increasing the interest rate. I have even read of banks charging interest immediately instead of 30 days after. The banks are the central system to our entire market. They know this and they are taking advantage of their position to gouge the average person and make up for their huge loses in speculative markets. It should be against the law to do what they are doing.

Edit- this is the reason why we should have never bailed them out. Banks should have been forced to liquidate and the system could start fresh.

 

[rchiu]

This is great and all, except our entire system is built around banking and credit. You can tell people not to use it, but in this day you can't run a small business without credit. That is just a reality of the market place. These banks know it and put these small business owners in a very hard spot by greatly increasing the interest rate. I have even read of banks charging interest immediately instead of 30 days after. The banks are the central system to our entire market. They know this and they are taking advantage of their position to gouge the average person and make up for their huge loses in speculative markets. It should be against the law to do what they are doing.

Edit- this is the reason why we should have never bailed them out. Banks should have been forced to liquidate and the system could start fresh.

This is what rumor and misinformation is all about. Credit Card =/= Credit. The OP is talking about interest rates on credit card, and it is only in credit card where you see those crazy interest rates. Every business needs credit, true, but there are many ways to secure line of credit with reasonably low int. unless you are borrowing large sum of money out of proportion with your business. Every business should have a line of credit with their bank with decent interest rate. If any business borrow against credit card, there is something seriously wrong.

Credit card has crazy interest rate because it is easy to get, I have at least 5 credit cards with 10's of thousand limit with no asset backing those credit lines. Credit card is also one of the biggest money making machine for banks and they love to issue those easy money. But since banks don't get any guarantees on those easy credit, they balance the risk with high interest rate.

Bottom line, there are many ways to get credit. You can get low interest credit if you borrow with in reason and look for the cheapest ways to borrow. Only idiots borrows against credit card, don't understand why the interest is so high and then complains about it.

 

[jackace]

This is what rumor and misinformation is all about. Credit Card =/= Credit. The OP is talking about interest rates on credit card, and it is only in credit card where you see those crazy interest rates. Every business needs credit, true, but there are many ways to secure line of credit with reasonably low int. unless you are borrowing large sum of money out of proportion with your business. Every business should have a line of credit with their bank with decent interest rate. If any business borrow against credit card, there is something seriously wrong.

Credit card has crazy interest rate because it is easy to get, I have at least 5 credit cards with 10's of thousand limit with no asset backing those credit lines. Credit card is also one of the biggest money making machine for banks and they love to issue those easy money. But since banks don't get any guarantees on those easy credit, they balance the risk with high interest rate.

Bottom line, there are many ways to get credit. You can get low interest credit if you borrow with in reason and look for the cheapest ways to borrow. Only idiots borrows against credit card, don't understand why the interest is so high and then complains about it.

Yes credit cards should not be your first option, and a line of credit is probably the best and first option for every business. Unfortunately, most businesses need more credit than what they can get from a line of credit, especially now with how tight the banks have been. Even SBA loans are almost impossible to get right now. I'm not sure about where you are getting your information but many good businesses are getting squeezed by the lack of available credit and yes that includes credit cards.

 

[Jhhnn]

Edit- this is the reason why we should have never bailed them out. Banks should have been forced to liquidate and the system could start fresh.

You seem to be willing to entirely ignore the enormous number of businesses that would faceplant in such a scenario. "Starting fresh" has its appeal, but it's not like it would happen instantly or anywhere near quickly enough to prevent that...

 

[dahunan]

Why should any politicians who voted to give banks free money and won't protect the US CITIZEN be allowed to breathe

 

[StageLeft]

Is the functional rate 103 (penalty charges) or the real rate 103? Do you have a screen shot?

BTW as mentioned earlier or elsewhere usury laws are essentially meaningless in the US as far as credit card debt is concerned.

And, yes, the banks are fvcking you again. Over and over, it's the new American way.

 

[Modelworks]

They should pass a new law. Credit card companies are required to give you a bottle of lube and a condom after you sign.

 

[ayabe]

Well looks like the Senate R's are gearing up to wage all out war against the proposed Consumer Protection Agency.

Preventing companies from assfucking you is harmful to business in the New Economy, that's the only way we can make money now.

 

[Svnla]

Why should any politicians who voted to give banks free money and won't protect the US CITIZEN be allowed to breathe

I have a better question. Why those very same policicians are re-elected over and over and over and over again?

We (the voters) have no one to blame but ourselves.