everyone has all but called it a recession, but face the facts, and please say it: we're in a recession. thanks, George W. Bush. what a way to bow out of office. i hope you get your dickipedia entry soon (right now might be too obvious).
given the subprime mess, mortgage meltdown, and escalating debt, banks really don't care - they keep offering credit cards to anyone who's desperate, crazy or dumb enough to bite.
yes, am calling you out, Citizens Bank.
see the hooks? less than 8%! not an introductory rate!
but there's always a SMALL asterisk. always look for that.
for any reason?
for any reason??
let's say the CEO of Citizens Bank was doing his duty on his throne, so to speak. in the middle of one long, hard-to-squeeze doodie, he suddenly decides to raise the interest rates to 10%. does that count? or when he fights with his wife, because he has lipstick marks on his bald CEO head? what happens when he gets into an auto accident? what quantifies "any reason"?
(wait, the CEO is a she, apparently)
and apparently, a sector of society thinks that Citizens Bank sucks anyway.
hey, its still 7.99%. right ...?
(like there's a huge difference between 7.99 and 8.00)
given the subprime mess, mortgage meltdown, and escalating debt, banks really don't care - they keep offering credit cards to anyone who's desperate, crazy or dumb enough to bite.
yes, am calling you out, Citizens Bank.
see the hooks? less than 8%! not an introductory rate!
but there's always a SMALL asterisk. always look for that.
for any reason?
for any reason??
let's say the CEO of Citizens Bank was doing his duty on his throne, so to speak. in the middle of one long, hard-to-squeeze doodie, he suddenly decides to raise the interest rates to 10%. does that count? or when he fights with his wife, because he has lipstick marks on his bald CEO head? what happens when he gets into an auto accident? what quantifies "any reason"?
(wait, the CEO is a she, apparently)
and apparently, a sector of society thinks that Citizens Bank sucks anyway.
hey, its still 7.99%. right ...?
(like there's a huge difference between 7.99 and 8.00)
2 comments:
The economy runs on debt. Banks include debt as part of their assets. And since what they can lend out depends on their assets, the more debt, the larger amounts they can lend out. In defiance of all the laws of physics, banks are creating wealth out of nothing. This creates a black hole where we all get sucked in.
those failed sci-fi writers became bankers, and have succeeded in creating something out of nothing.
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