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dick
Journeyman
Joined: 28 Jan 2009
Posts: 3134
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 Posted: Tue Feb 23, 2010 5:30 pm Post subject: |
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Between 1981 and now, banks have figured out how to exploit the fine print. The best customers used to be the ones who could pay off their loan. Now, the best customers are the ones who can only knock off some interest. Banks use floating due dates, balance transfer fees, and adding all sorts of fees for late payments or not using the card once a month or whatever else they can brainstorm up to rip you off.
Don't get me wrong... I blame the consumers just as much. But the businesses need to be held responsible for offering a quality service to our society. The same way we don't accept Chinese toys with high levels of lead in the paint, we can't accept banks ripping off our neighbors.
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pap
Understudy
Joined: 23 Nov 2009
Posts: 538
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| Posted: Tue Feb 23, 2010 6:37 pm Post subject: |
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| dick wrote: | Between 1981 and now, banks have figured out how to exploit the fine print. The best customers used to be the ones who could pay off their loan. Now, the best customers are the ones who can only knock off some interest. Banks use floating due dates, balance transfer fees, and adding all sorts of fees for late payments or not using the card once a month or whatever else they can brainstorm up to rip you off.
Don't get me wrong... I blame the consumers just as much. But the businesses need to be held responsible for offering a quality service to our society. The same way we don't accept Chinese toys with high levels of lead in the paint, we can't accept banks ripping off our neighbors. |
I also don't agree with the credit card compamies (banks) tactics. I don't think its right to raise interest on existing balances. That money was borrowed at a fixed rate and should be paid off at that rate. At the same time I believe that the minimum payment never should have been set so low. It should have been 50% of the balance each month and credit limits should be based on income. If used correctly a credit card is ok. The full balance should be paid each month, that way you don't care what the interest is because you never pay any. A credit card is a conveince, not a floating loan. They can be worse that a payday loan store. |
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busdriver
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Joined: 16 Mar 2009
Posts: 3497
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| Posted: Wed Feb 24, 2010 2:51 pm Post subject: |
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General Motors in Lordstown, Ohio will be recalling 1200 , probably Toyota has a lot to do with that, and Ford called back (forgot how many) 1800?, a little while back.  |
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pap
Understudy
Joined: 23 Nov 2009
Posts: 538
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| Posted: Sun Feb 28, 2010 11:52 pm Post subject: |
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| busdriver wrote: | | General Motors in Lordstown, Ohio will be recalling 1200 , probably Toyota has a lot to do with that, and Ford called back (forgot how many) 1800?, a little while back. |
Toyota is the best jobs program so far. |
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phonyfeminazi
Expert
Joined: 30 Sep 2008
Posts: 7819
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| Posted: Mon Mar 01, 2010 5:19 am Post subject: |
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| pap wrote: | | busdriver wrote: | | General Motors in Lordstown, Ohio will be recalling 1200 , probably Toyota has a lot to do with that, and Ford called back (forgot how many) 1800?, a little while back. |
Toyota is the best jobs program so far. |
........................
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busdriver
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Joined: 16 Mar 2009
Posts: 3497
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| Posted: Fri Mar 05, 2010 6:58 pm Post subject: |
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WASHINGTON – At last, the unemployment crisis seems to be easing. That's the good news.
The bad news? Job creation remains scant because companies still lack enough confidence in the economy to ramp up hiring.
The U.S. jobless rate held steady at 9.7 percent in February. And employers cut 36,000 jobs — fewer than predicted. Those figures signaled that the job market is slowly healing.
Ah so sweet, The personification of BULLCHIT PROSE or How Wall Street DUMBS DOWN dumb America or Walking To A Bread Line Is Better then Running to One.
Does fewer than predictedmean the predictions will continue to be on the negative side every month? How many months will those now working have left before they are on the "employers cut "list for that month?
CY get that "voodoo" math calulator out. |
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Amphikalein
Journeyman
Joined: 10 Oct 2008
Posts: 3177
Location: Corrales, NM
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| Posted: Fri Mar 05, 2010 9:23 pm Post subject: |
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Another bit of good news in their report - the rate of long term unemployment has started to decrease a bit, and the overall percentage of adult Americans working is slightly higher than it was last month.
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busdriver
Journeyman
Joined: 16 Mar 2009
Posts: 3497
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| Posted: Sat Mar 06, 2010 10:02 am Post subject: |
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| Amphikalein wrote: | | Another bit of good news in their report - the rate of long term unemployment has started to decrease a bit, and the overall percentage of adult Americans working is slightly higher than it was last month. |
Amps, losing 36,000 more jobs is not "good news", ask any of those 36,000 people( oh beans, just ask yourself as you recently lost yours,but found another job, as I recall you posting). |
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phonyfeminazi
Expert
Joined: 30 Sep 2008
Posts: 7819
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| Posted: Sat Mar 06, 2010 10:08 am Post subject: |
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| busdriver wrote: | | Amphikalein wrote: | | Another bit of good news in their report - the rate of long term unemployment has started to decrease a bit, and the overall percentage of adult Americans working is slightly higher than it was last month. |
Amps, losing 36,000 more jobs is not "good news", ask any of those 36,000 people( oh beans, just ask yourself as you recently lost yours,but found another job, as I recall you posting). |
But, bus, O'sama's "job program" saved ten jobs....
Wait a minute, let's do the math.....
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Amphikalein
Journeyman
Joined: 10 Oct 2008
Posts: 3177
Location: Corrales, NM
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| Posted: Sat Mar 06, 2010 12:19 pm Post subject: |
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| busdriver wrote: | | Amphikalein wrote: | | Another bit of good news in their report - the rate of long term unemployment has started to decrease a bit, and the overall percentage of adult Americans working is slightly higher than it was last month. |
Amps, losing 36,000 more jobs is not "good news", ask any of those 36,000 people( oh beans, just ask yourself as you recently lost yours,but found another job, as I recall you posting). |
That would be why i referred to it as "a bit of good news". i'm quite aware of what it means to be unemployed (and without health insurance) as you point out. Of course it's not good news that 36,000 jobs were cut last month. But it's better news than the 700K+ jobs we lost in February 2009. And surely you're not saying that it's bad news that the rate of long term unemployment declined or that it's bad that a higher percentage of adults (like me) are working now than were working last month?
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"Our lives begin to end the day we become silent about things that matter." ~Martin Luther King Jr.
"May we, in our dealings with all the peoples of the earth, ever speak the truth and serve justice." ~Dwight D. Eisenhower
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