Today's blog started off as a rant and raving of news of a government funded bail out for credit card companies. There is nothing that upsets my stomach more than reading this morning that American Express will be receiving bail out money from the government. As per an article on economyincrisis.org American Express will receive $ 3.39 BILLION dollars, not to mention Capital one and Discover will receive $3.6 billion and $1.2 billion.
So as the fire inside me subsided and I was of clearer and more inspired mind the words, "I give to the greedy and not the needy," came to mind as a slogan for our Government. This of course re-worded from the En Vogue song, appropriately titled, "Never gonna get it," especially since I believe credit cards are going out of vogue. This consumer for one, is okay seeing a large, greedy credit card company suffer and try to make due. Heck, no one was offering out handouts to consumers in debt, why should we hand out to the creditors?
These are the very same companies, who have denied consumer charges and are closing consumer accounts…and even more so. I’m sorry for being so blunt, but this is a kick in the ass to consumers, who have been at the mercy of these credit card companies for so long and the main question I need to ask, is who is going to bail out the consumer? Who is there to help us, when we’re in debt, when we can’t pay our bills and when we may go bankrupt?
I have been stressing in several blogs the gross amount of money spent on advertising. Yes, I agree, there is a certain need for advertising in every company, but look at the exorbitant costs these companies are paying toward advertising. Before these companies receive a penny, they should be forced look at how money is allocated in their corporations and see if some temporary cuts and realignment of funds can be made.
Secondly, and most important, should these companies get bail out money from the government, we as the American voters need to make damned sure legislation is passed to protect consumer rights. Now, after all the abuse and extorting of money from consumers these companies are getting our tax money, we need to be sure they adhere to OUR RULES. Let’s make sure these creditors work for us.
Economyincrisis.org has a link to write to your representative. This is what a democracy is for, express your opinion, or else swallow the consequences.
So as the fire inside me subsided and I was of clearer and more inspired mind the words, "I give to the greedy and not the needy," came to mind as a slogan for our Government. This of course re-worded from the En Vogue song, appropriately titled, "Never gonna get it," especially since I believe credit cards are going out of vogue. This consumer for one, is okay seeing a large, greedy credit card company suffer and try to make due. Heck, no one was offering out handouts to consumers in debt, why should we hand out to the creditors?
These are the very same companies, who have denied consumer charges and are closing consumer accounts…and even more so. I’m sorry for being so blunt, but this is a kick in the ass to consumers, who have been at the mercy of these credit card companies for so long and the main question I need to ask, is who is going to bail out the consumer? Who is there to help us, when we’re in debt, when we can’t pay our bills and when we may go bankrupt?
I have been stressing in several blogs the gross amount of money spent on advertising. Yes, I agree, there is a certain need for advertising in every company, but look at the exorbitant costs these companies are paying toward advertising. Before these companies receive a penny, they should be forced look at how money is allocated in their corporations and see if some temporary cuts and realignment of funds can be made.
Secondly, and most important, should these companies get bail out money from the government, we as the American voters need to make damned sure legislation is passed to protect consumer rights. Now, after all the abuse and extorting of money from consumers these companies are getting our tax money, we need to be sure they adhere to OUR RULES. Let’s make sure these creditors work for us.
Economyincrisis.org has a link to write to your representative. This is what a democracy is for, express your opinion, or else swallow the consequences.
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