Ingenue

The Secret Paulson-Goldman Meeting

First, we vote them in and they in turn put their crony friends into other powerful positions.


On Oct 20 02:02 PM Warm_Paw wrote:

> How do we put such dim witted people into such positions of authority?!

If Mary Schapiro's the Answer...

I am still scratching my head wondering what happened to the word "change." It has either been misused by the Obama campaign or misunderstood by the rest of us.

I always taught change meant "something different than what came before."

Right now, you can call Obama's administration Clinton's third term as president.

And again we see this happening in Shapiro's appointment. She is part of the problem, the SEC will never be improved by the same people who got us to this point to begin with.

Mark my words, this is not the last failing of this agency.

Credit Card Industry Critic Highly Opinionated, Clueless

"Do you remember First USA? Providian? MBNA?"

Yes, I remember them. I am still a customer trying to free myself from their predatory tactics. I will be canceling a credit card soon after I pay it off. Washington Mutual, which bought Providian, are still employing the same nasty tactics, double-billing, raising interest rates for no apparent reason except greed, and the list goes on.

And Washington Mutual got bought out recently by JP Morgan Chase, another big bank known for their terrible service and continuing predatory tactics.

It has already been debated and proven to death that these predators make more money by these predatory tactics than they do via fair interest rates.

During an investigation into a class action suit against Providian (which they lost), an email from Kar, an officer of Providian, surfaced, in it he wrote "[the] problem is to squeeze out enough revenue and get customers to sit still for the squeeze."

I think the clueless is you, sir.