People in the United States are invited to participate in a Bank Resistance to punish the banksters. Here is what you have to do... -Close all Accounts at Bank of America, Chase, Citi-Bank, and AIG -Send any unwanted bills to the Federal Reserve -Rate, favorite and send this video out to everyone you know -Contact the local media and inform them of the Bank Resistance -Call your favorite radio show and inform them of the Resistance Options for Credit Cards 1. Pay off 2. Default and settle them out in 4 months for 50% 3. Default Good luck to patriot Daniel from VisionVictory --> http://www.youtube.com/watch?v=DRper3L6xN8 What do you guys think about this?
Here is a new plan to punish AIG and the banksters who stole American people's money... http://www.youtube.com/watch?v=RuGVI39gLsE
I think, why? I may not like what's happening, but technically they didn't steal our money. The government agreed to give them a bailout, which I don't really agree with, but it's done. We voted in the politicians we have, therefore are responsible. Why would people default on their credit cards, and send bills to the Federal Reserve? IMO, It's our responsibility to pay back the debt we create.
Well... . Banksters are taking your money, and on top of that, have increased credit card rates AND cut your credit limits. They should be punished. And anyways, you really feel great inside you when you challenge authority. When you do something radical like a Bank Resistance, or like a protest tea party, or participate in "End the Fed" marches, you feel good...
The bankers are bankrupting the US and turning it into a third world country. So what's the problem, gauharjk? I thought that's what you wanted?
I have credit cards, they have not increased my credit rates or cut my limits, so it's not like every credit card company is doing that. When you sign up for a credit card, you agree to a rate change if you don't pay your bill on time, that's why some people are getting a rate increase. In addition, certain credit card companies are raising rates simply to raise more revenue. If they decide to raise rates, the customer has the choice of opting out. If they do not agree to the rate increase, they won't be able to charge any further purchases, but they can pay off the rest of the balance at the old rate. As far as cutting limits, it's the credit card companies right to choose how much they will lend to each individual. We have the choice of whether we want a credit card or not, the choice of whether we will purchase items with the loan from credit, the choice of whether we will pay the rate increase, and the choice of cancelling it or not. With those choices, comes personal responsibility. That's when we prove we are credit worthy by paying back our debts, unlike "patriot Daniel". No, actually I don't.
Credit Cards Rates Increase Despite Payment History (ABC News) Facing losses on bad loans, banks boost credit card rates (USA Today) You're lucky your interest rates were not increased... And you know what, Daniel is a genius. Absolute genius. You have to look at his Youtube Channel http://www.youtube.com/user/visionvictory Well... I guess everyone has different ideas of what fun means...
Let me explain a different way. "Patriot Daniel" is specifically advocating defaulting on credit cards from financial companies getting a bailout. The bailout is funded by the government, the government is funded by taxpayers. Is he punishing banks or taxpayers?
Have you seen the movie "The Punisher". Credit card companies took billions in bailout, then paid millions in bonuses. They know these are tough times, not just for the oligarchy, but for the common man too. But they still go ahead and increase Credit card rates and cut spending limits. Punishment is long due...
Most people are not going to cut off their nose to spite their face. Most people are still not really understanding what is happening with wall street, main street, government and The Fed.
Giving the banks less liquidity and borrowing less is not only going to punish the bankers but it will worsen your recession and punish the American people.