Bust 6576

Credit Card Cancer

The economic crises was here long before the housing debacle, banking fiasco and what not. We slipped into a situation of having to use the credit card to get through all kinds of personal crises. The credit card companies understood all along what was going on and come up with slippery interest rates, a myriad of charges and any other excuse to squeeze more money (provide inflated credit). They schemed their way into our money problems and had a banquet.

Every credit card holder is not buying yachts and vacations. Many are just trying to keep food on the table since employment is so hard to get and has been hard to get for years. Now that same credit card holder will get a meager stimulus that will have to be used to pay back the credit cards. This should do wonders for our economy! Meanwhile, the slippery scheming goes on. I say rip up the cards; cancel the accounts; bury your money in the backyard( BofA quickly informed me that having over $40,000 in cash is considered hoarding which is illegal) So, chance it. Bring these schemers and the politicians out into the street and make them squirm till every orifice bleeds!!!