Thursday, September 25, 2008

Time to Rid Washington and Wall Street of the Crooks

Millions of Americans who are hard working, law abiding, tax paying and suffering under the schemes and the threats of foreclosure, credit lawsuits, high interest rates, lates charges and over credit limit fees are asking this question: Who's going to bail us out?

When big business squanders their opportunities to help the American people in favor of big profits and huge bonuses why shouldn't they suffer like they are making the American people suffer.

A family of 4 can hardly live on $50,000 a year, when most families of 4 in American are surviving on less than $30,000 of spendable income needing to depend on the credit card offers of Washington Mutual, Captial One, HSBC, Chase, Citibank and many others just to make ends meet.

Then being late for 1 day - a whopping $39 late fee is add and then another $39 over credit limit fee.

Who is bailing American families out? The House of Representatives has a pending bill in Congress called the Consumer's Bill of Rights. It is a bill that protects the consumers from being gauged by the credit card companies with their every changing policies. And guess what is happening to that bill, the Banks and the Credit Card companies are against it.
They want to be able to charge a customer late fees for being 1 day late; changing their interest rates without notice from 14.9% to 21.% to 28% to 31%.


They want to continue to squeeze blood out of the poorest Americans who need credit to help them make it through from pay check to pay check - and who is going to bail them out!


Who owns all the stock in these companies anyways? It's definitely not the middle class American family.

Make the people who earn over $250,000 pay the $700 billion bail out. Since it is probably they who benefited the most and are the investors anyways.

It's time to call a YEAR OF JUBILEE. Let Washington call on Wall Street to FORGIVE the debt of the American People and let's ALL start over again. That is the fair thing to do.