Help me with this... Why are "poor" people the problem, and not the Credit mafia?

[Roxy66]

Why is it that the Credit predators are percieved as the victims and not the "poor" people they prey upon. The first thing the Dems need to do in Congress when they get a larger majority in November and we have a Dem Pres...is pass some laws that stop the lenders from raising rates on loans to everyday Americans, protect consumers and let people purchase homes without being preyed upon by what I call the CREDIT MAFIA!

[Occulus]

1. The terms of the card should be frozen to what they were when you signed the agreement

For a start, oh yes, and BRING BACK THE USURY LAWS, dammit!

[Roxy66]

5. Absolutely!! Why are the priveliged protected and everyone else is treated like dogs!!

Typical Republican policy....

[KansDem]

6. Agreed. I never could understand why these contracts can be broken...

...at the whim of the CC companies.

[Roxy66]

9. They hide provisions ...just like the Repugs in Congress

This should be illegal....it just seems so logical!!

[KansDem]

10. You know...you're right!

I just remembered that my CC statement would come each month with "terms" spelled out on the back in very small font and very light-brown ink.

Very hard to read...

[acmavm]

2. The first thing we need to do is get some real dems in Congress,

not the bush/corporate supporters and enablers we have now.

[notadmblnd]

3. Don't you know....

We all meet on Saturday nights at the trailer park, drink cheap beer and conspire together on how were going to screw the government out of money.:sarcasm:

[xchrom]

4. i just want to point out that the majority of subprime loans went to

folk who weren't poor and who had good credit.

there is a misperception out there that some how this problem we're having is some how rooted in the ranks of the economically disadvantaged. and that's not true.

however your recommendations would certainly help every american.

[Roxy66]

7. I was being sarcastic with "poor".... that is the percetion they are trying to push

[sinkingfeeling]

15. Isn't that obvious by having Fannie Mae up the jumbo loan caps to $730,000 as part of the stimulus

package?

http://blog.seattlepi.nwsource.com/realestatenews/archives/130228.asp?from=blog_last3

"The new economic stimulus package would raise the limit on loans mortgage giants Fannie Mae and Freddie Mac could by (sic) from the current cap of $417,000 to as much as $730,000, according to the Associated Press."

[backscatter712]

8. Credit predators have lobbyists and bribe money. Poor people don't.

It'll take nothing short of an armed insurrection to stop these fuckers. Unless forced, they will NEVER stop!

Get your guns ready.

[librechik]

11. because the finance companies buy more TV commercials than poor people

[Echo In Light]

12. Outstanding reply

[MindPilot]

13. Good point and something I always like to ask the bible thumpers

The bible is at least as clear in its prohibition of usury as it is in its prohibition of homosexuality, but you never see Fred Phelps in front of a payday loan store with signs saying "God Hates Excessive APRs".

[sinkingfeeling]

14. For the same reason 'poor' people are to blame for being poor, and not the employers who pay them.