Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

I call bullpucky on this news story...

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
 
SlipperySlope Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-28-05 04:59 PM
Original message
I call bullpucky on this news story...
Did you all see the news story today with the headline "Overdue Credit Card Bills Hit Record High" - http://news.yahoo.com/s/ap/20050928/ap_on_bi_ge/late_lo...

The basics of the story is that late credit card payments have hit an all-time high, and the banks are blaming the high price of gasoline.

I call bullshit on that explanation. The banks are to blame, and they are trying to use the disaster as a way to shift the blame somewhere else.

Hasn't everybody heard that minimum payments to credit cards are in the process of nearly doubling? Does it come as some big surprise that people don't have anywhere to find the extra cash when their monthly blood money doubles?

But no..... Blame hurricaine Katrina, and the press will eat it up.

Bastards!
Printer Friendly | Permalink |  | Top
yankeedem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-28-05 05:04 PM
Response to Original message
1. The Republican economic cycle


--- Raise gas prices

--- Force people to miss CC payments

--- Levy fees on the missed payment

See how new growth circulates through the economy?
Printer Friendly | Permalink |  | Top
 
SlipperySlope Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-28-05 06:35 PM
Response to Reply #1
2. Don't forget
You have to close the "bankruptcy loophole" before you start the cycle.

Wash, rinse, repeat, profit!
Printer Friendly | Permalink |  | Top
 
Hello_Kitty Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-28-05 06:42 PM
Response to Reply #2
3. Not to mention raising interest rates and minimum payments. n/t
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Oct 30th 2014, 10:17 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC