Letters

Letters 09-01-2014

Hamas Shares Some Blame

Even when I disagree with Mr. Tuttle, I always credit him with a degree of fairness. Unfortunately, in his piece regarding the Palestinian/Israeli conflict he falls well short of offering any insights that might advance his readers’ understanding of the conflict...

The True Northport

I was disappointed by your piece on Northport. While I agree that the sewer system had a big impact on the village, I don’t agree with your “power of retirees” position. I see that I am thrown in with the group of new businesses started by “well-off retirees” and I feel that I have been thoroughly misrepresented, as has the village...

Conservatives and Obamacare

What is it about Obamacare that sends conservatives over the edge? There are some obvious answers...

Republican Times

I read the letter from Don Turner of Beulah and it seems he lives in that magical part of the Fox News Universe where no matter how many offices the Republican Party controls they are not responsible for anything bad that happens...

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Jackie Freeman

 
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Monday, March 9, 2009

Bandits in our banks

Other Opinions Jackie Freeman You get what you pay for. American Bankers Association affiliates are the biggest contributors to congressional members. You’d have to be extremely naïve to believe that bills are not influenced by where the money is coming from.
Our own Senator Carl Levin introduced a bill “Stop Unfair Practices in Credit Cards Act” to help curb unscrupulous credit card practices. Its purpose was to ban egregious practices by credit card companies that exploit consumers and keep them mired in lifelong debt.
But Congress gave in, and offered them a year-and-a-half to mend their evil ways. During this time they will ramp up their victimization of Americans. During this delay, credit card companies will run their businesses like bandits, raising rates now in anticipation of future limits to their authority. Millions more families will become financially desperate as a consequence
Why do huge financial giants like GE Money bank, Citigroup, Bank of America, Wells Fargo, Chase, American Express, Discover and their colleagues need a year-and-a-half grace period before cleaning up their business practices? It has been stated that 18 months is necessary to “upgrade the banks’ computers.”
 
 
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