Wall St. 350 billion to go

[Jim Smith]

Hey folks , now is the time to ask your reps if they are going to grill the Wall St. folks before they give them the next 350. They can ask for accountability for the first 350 and if the answers are not right no dollars for the next 350. Transparency is must . Reed, Frank,Pellosi, Dodd are a good place to start. I know I could ask the right questions. Why is everybody so concerned about the Auto 25b but not the Wall St. 750b??? Hmmm? We had a financial disaster in each of the last 3 decades and some of the same folks are still in office. Hmmm?

 

[daytripper63]

Agree, and guess what the banks/credit card companies are doing to businesses... SCREWING US TO MAKE UP FOR THE CRAPPY STUPID LOANS THEY MADE TO SOMEONE WHO PROBABLY SHOULN'T HAVE GOT IT IN THE FIRST PLACE. The Co. that processes our credit card transactions charges us 2. 4% of the total purchase for every transaction and if you dont swipe the card through the card reader they used to charge an additional 1. 0% NOW they raised it to and additional 2. 0% so what was already screwing me to take credit cards just got alot worse, so all you business owners out there that recently recieved that really tiny fine print letter from your credit card processing co. and you probably did not read... It basically said WE THE CREDIT CARD COMPANY ARE GONNA SCREW YOU HARDWORKING PEOPLE WITH GOOD CREDIT TO PAY FOR ALL THE CRAPPY LOANS WE MADE TO THE BAD CREDIT BUNCH, Have a nice day.

So all of you whom think 2. 4% or even 4. 4% is not much, think about it this way. For every $100,000. 00 purchased per month from my Business with credit cards cost me between $2400. 00 and $4400. 00 of the profit right off the top, and being a wholesale supply house the margins are thin already.

 

[Heavyweight]

OK,,, everyone watch the show 24... What would Jack Baeur DO!

 

[DennyDay]

Who did it

Agree, and guess what the banks/credit card companies are doing to businesses... SCREWING US TO MAKE UP FOR THE CRAPPY STUPID LOANS THEY MADE TO SOMEONE WHO PROBABLY SHOULN'T HAVE GOT IT IN THE FIRST PLACE.

And just who was it that demanded those loans be made to those who couldn't afford to pay them back?



Do Acorn and Barny Franks mean anything?





Denny#@$%!

 

[ekroman]

Well, the biggest problem with the financial mess is the American public will pay for it one way or another. All the money the banks lost isn't free. They'll make up for it by charging higher fees on overdrafts, late payments, and credit card transaction fees.



Oh, and you think the next time you buy a car or truck, the interest rate is going to be low? Think again. That's one reason I bought the truck NOW. I know the interest rates will go up; by the end of the year, interest on a car loans will be up 2 to 3 percentage points.



If you're thinking of buying anything and financing it, buy it now and make sure it's a fixed rate loan. Put yourself in a better position by paying extra on you debts each month. I round my payment up to the nearest $50 or so. If you truck payment is $525 per month, round it up to $550, and it will save money by knocking that extra off the principal of the loan.



Eddie