USER REVIEWS (ser5er)

4 reviews

Credit Card Companies

Mike Chambers March 3, 2009

The Federal Government in trying to spur the economy but has not addressed the rising interest rates brought on by credit card companies. The Federal Government placed limitations on credit card companies for the year 2010. Wow!, that sure inspires the consumer for something to look forward to. When the credit card companies are rushing to establish higher interest rates in 2009. Did the credit card companies threaten to cut off political spending if not given a chance to raise interest rates in advance. It is a vicious circle with consumer... read full review »

Filled under: Business & Finances Location: United States

1 review

Major Lending Institutions

Mike Chambers March 3, 2009

Why does the Federal Government continue to lend money at cheap rates to banks in order to "bail them out, " when they are not passing the reduced rates to the consumer. The banks are accepting federal funds, yet banks are still forclosing homes and holding interest rates high. This enables them to sell forclosed homes to other banks or to hold on to the property building assets while operating on federal funds leaving the consumer to still suffer with no help from the government. read full review »

Filled under: Business & Finances Location: United States