anarchist

Credit Cards: Do the Banks Own the Senate?

guess you have never been broke


On May 15 08:31 AM captainccs wrote:

> Just pay your credit card in full every month and you won't be a
> "beleaguered consumer." You get a free loan, product protection,
> advantage miles or whatever it is your card gives you to encourage
> you to use it.
>
> There is no law that says you can't pay the credit card in full each
> month. I have been doing it for years.
>
> Oh, do Wall Street banks own the Senate? Not just the Senate, the
> full Congress, the Fed, the Treasury, the administration and everything
> else money can buy.

Credit Cards: Do the Banks Own the Senate?

"Amen" to that!

On May 15 07:57 AM doubleguns wrote:

> Actually they own both the house and the senate as well as every
> administration present and past, in joint ownership with all of
> the big banks, lobbyists, filthy rich, well connected, foreign banks
> and the list goes on..........
>
> The tax payers however are not on the list.

Credit Cards: Do the Banks Own the Senate?

Well aren't you just so smart. I pay mine off every month also but I am not so naive to think everyone that needs to use them can. There are a hell of a lot of people out there hanging on by their teeth and have no choice but to pay those scandalous usury fees.


On May 15 03:11 AM PastTense wrote:

> The "beleaguered consumer" would be much better off closing his credit
> card accounts rather than pay heavy interest each month (while I
> charge as high a percentage of purchases as possible, I do it to
> get a 1% cash rebate and consumer protection features against unscrupulous
> merchants--and pay the bill off in full every month).

8 Charts for Trading Financials

OK, I bought BAC with my "play doe" and I wish every stock I own had done as well. I knew that $3 a share was ridiculous so I got in. The author of this article suggest using covered calls and while that is probably a good idea the last time I looked the premiums were zip. I sold a third of my BAC at $15 and change for a nice profit but if the premiums on options look any better in the next options cycle I probably will sell some calls. These stock are going to be the financial leaders of the future, just depends on your investment time frame. I am retired so I an not going to wait for BAC to become the financial powerhouse I think is in it's future.

Observations on the Current Market Rally

oceansmike, IMHO in a week or so you will wish you had some shorts in your portfolio as the snare tightens on the perma-bulls.

Why Friday Was Such a Critical Day for Bank Stocks

I still think that the Government made some kind of back-room deal with BAC when they absorbed Merrill Lynch at teh Governments urging. I think that's the reason we hear so much anti-nationalization rhetoric from the White House. With Geithner and Summers still at the helm of Treasury it will be intgeresting to see how this plays out. Other than JPM the banks are penny stocks but they are still on the DJI for some reason.

Here Comes a Consumer Killer

Let us know how that works out!


On Nov 30 12:03 PM SugarDaddy wrote:

> I'm almost thinking to max out my $410,000 in available credit cards
> credit by using them to buy gold 100%.
>
> Then telling them to go F'k themselves, hell w/credit ratings, could
> care less with the assets I've accumulated to this point.

S&P 500 Dividend Aristocrats: Withstanding the Test of Time

No Free Cake I think you are assuming a lot thinking that there is going to be any significant rise in stock prices after this crash. History tells us that after a crash it takes at least 10 to 13 years for a market recovery. We could even go into stagflation like the Japanese for years and years. Short term treasuries are almost 0% interest when considering inflation (even the way the government calculates it) and the herd is flocking to buy them. The financial situation gets crazier every day as we enter a recession that no one can deny so fear and panic is in the air-I smell it in the news read, I see it in the red ink on the markets.