5 Ironies of Financial Reform

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fourth start colleagues

roverklotz of AR 7:18AM July 23, 2010

How many people know that the Fed charges banks NO interest to loan them funds currently? Yet the banks turn around and purchase treasuries that pay 3% interest. How nice the greed never stops. So they get to continue to steal money from the US taxpayer. Anyone know how much 3% of Billions amount to? This is one reason the don't make loans. They are still profiting by doing nothing but continue to steal from the taxpayer with the Federal govrenment's blessing. Do a little research people.

Jack Wells of KS 4:38PM July 21, 2010

work computer attributed rays

paellalafl of KY 11:46AM July 21, 2010

scaled state security

norvynlogu of DC 3:03PM July 20, 2010

Have had lots of clients who have had their credit card limits slashed and the interest rates drastically increased. This despite not missing payments or bouncing payment checks. Now that person's FICO score is lowered because any balances instantly become a bigger percentage of available credit! Therefore they are unable to refinance that debt and are trapped paying usureous rates.
Pretty neat trick to turn a low yielding loan into a high yielding instrument by destroying your own customer!

JimOsburnCPA of IL 11:56PM July 19, 2010

I love the comment "consumers need to be protected from...themselves." How true this is. My advice- don't get into debt, stop using credit cards so much, save more money, and quit buying tons of crap you don't need. There- I just saved you thousands of dollars on 'expert' financial advice from a professional. It's just common sense.

Ana of KS 8:01PM July 19, 2010