Letters

Letters 09-29-2014

Benishek Doesn’t Understand

Congressman Benishek claims to understand the needs of families, yet he wants to repeal the Affordable Care Act, which would cause about 10 million people to lose their health insurance. He must think as long as families can hold fundraisers they don’t need insurance...

(Un)Truth In Advertising

Constant political candidate ads on TV are getting to be too much to bear 45 days before the election...

Rare Tuttle Rebuttal

Finally, I disagree with Stephen Tuttle. His “Cherry Bomb” column in the 8/4/14 issue totally dismayed me. I always love his wit and the slamming of the 1 percent. His use of fact and hyperbole highlights the truth; until “Cherry Bomb.” Oh man, Stephen...

Say No To Fluoride

Do you or your child’s teeth have white, yellow, orange, brown, stains, spots, streaks, cloudy splotches or pitting? If so, you may be among millions of Americans who now have a condition called dental fluorosis...

Questions Of Freedom

The administration’s “Affordable Health Care Act” has ordered religious orders to provide contraception and chemical abortions against the church’s God given beliefs and teachings … an interesting order, considering the First Amendment’s clear prohibitions...

Stop The Insults & Talk

I found it interesting that Ms. Minervini used the Northern Express to push the Safe Harbor agenda for a 90-bed homeless shelter in Traverse City with a tactic that is also being utilized by members of the city commission. Those of us who oppose the project are being labeled as uncompassionate citizens...

Roads and Republicans

Each time you hit a road crater while driving, thank the “nerd” and the Tea Party controlled Republican legislature.

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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