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Congress needs to send Banks and Credit Card Issuers a nicely worded letter ....

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Blackhatjack Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 09:45 PM
Original message
Congress needs to send Banks and Credit Card Issuers a nicely worded letter ....
..."this is to notify you that the interest rate on the billions of dollars in taxpayer bailout funds you borrowed from the US Government will change in 30 days to 27% APR, applied retroactively, unless you pay the balance in full within that time period. Please do not bother to call members of Congress and ask that the rate change be rolled back since this will result in our having to explain to you that this is a result of 'standardization' and there is nothing we can do to accede to your requests. Have a nice day!"

Maybe such a letter would help them to better identify with the consumers they are ripping off.
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 09:51 PM
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1. Move up the due date & include harsh penalty rates too
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w4rma Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 10:29 PM
Response to Reply #1
4. Move it up, then move it back, then move it up a little, then move it back.
And charge exorbitant late fees.
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msongs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 09:51 PM
Response to Original message
2. banks will just increase their bribes to congresspersons by 27% retroactively nt
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Blackhatjack Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 09:54 PM
Response to Original message
3. Going from almost zero % interest to 27% interest should get their attention... n/t
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Patchuli Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-06-09 01:01 AM
Response to Original message
5. K&R and thanks for the laugh!
How much fun it would be to pay them back in their own medicine!
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lib2DaBone Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-06-09 01:40 PM
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6. LOL K&R Baastarrds....
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