Letters

Letters 07-28-14

Worry About Legals

I can’t figure out what perplexes me more, the misinformation everywhere in the media or those who believe it to be true. Take the Hobby Lobby case; as a company that is primarily owned by a religious family, they felt their First Amendment rights were infringed upon by the “Affordable” Care Act...

Stop Labeling and Enjoy

I have been struggling to find a simple way of understanding for myself the concepts of conservative, liberal, and moderation as it relates to our social interactions with each other...

Proposal One & The Public Good

Are you kidding me? Another corporate giveaway with loopholes for large corporations who rule us? Hasn’t our corrupt and worthless governor done enough to raise taxes, provide corporate welfare, unjustly tax pensions, and shut down elected officials with his emergency manager racket...

The Truth About Road Workers

Apparently Mr. Kachadurian did not catch on to the fact that the MDOT Employee Memorial in Clare is a tribute to highway workers who lost their lives building our transportation systems. It was paid for by current and former MDOT employees who likely knew some of these people personally...

Idiotic and Misguided

As a seasonal resident, I always look forward to reading your paper, if only because of the idiotic letters to the editor and off the wall columns...


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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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