Letters

Letters 04-20-2015

Time For Hartman/Hammond  Long term planning would have coincided the timing of downing the Cass St/Keystone Bridge in TC and the construction of a Hartman/ Hammond Bridge. Such a planned roadway would have met everyone’s needs.

No more Apologies In view of the senseless, brutal murder of an unarmed black man in South Carolina last week by a police officer following a traffic stop for a broken taillight, we must revisit Thomas Kachadurian’s recent column.

What Is Your Experience To Lead? I listened to Marco Rubio’s announcement of his running for the presidency. Many have admired his speech. He said a lot of the right things

Outsourcing NMC Faculty  “Outsourcing” the vast majority of NMC faculty? Do I hear the sound of NMC’s reputation sucked down the drain to save money? Really?

Home · Articles · By Jackie Freeman

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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