This bailout madness needs to stop right now. I said 3 months ago that there should be NO taxpayer funded bailouts. Banks should dilute shareholders and offer more common and preferred shares in the open market. Let investors take all the risk and reward. If some banks can't get enough investor money to stay alive, well, then go bankrupt. You are out of business. This bailout situation has become very embarrassing.
Bailouts Take on a Life of Their Own [View article]
This bailout madness needs to stop right now. I said 3 months ago that there should be NO taxpayer funded bailouts. Banks should dilute shareholders and offer more common and preferred shares in the open market. Let investors take all the risk and reward. If some banks can't get enough investor money to stay alive, well, then go bankrupt. You are out of business. This bailout situation has become very embarrassing.
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I don't blame the credit card companies at all. Any fool that pays credit card interest needs to get a brain scan. I collect interest. I don't pay it. If you can't afford to pay off your credit card in full each month, you can't afford to buy that stuff on the card. Get a second job. Get more training and get a better job. Downsize your life. Live within your means and you will have no problem with credit cards. Are you the idiot that puts that steak dinner on the credit card and never pays off the balance? You are paying for the steak for 20 years with those minimum payments. Not too bright. It is your fault. Quit blaming others for your troubles.
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