Comments on: The Next Credit Crunch http://susiemadrak.com/2007/08/27/09/51/the-next-credit-crunch/ Keeping a jaundiced eye on the corporate media. Tue, 02 Dec 2008 21:49:03 +0000 http://wordpress.org/?v=2.6 By: Iron skunk http://susiemadrak.com/2007/08/27/09/51/the-next-credit-crunch/#comment-129247 Iron skunk Mon, 27 Aug 2007 18:29:01 +0000 http://susiemadrak.com/2007/08/27/09/51/the-next-credit-crunch/#comment-129247 Yeah. And when the "credit music" stops, the government will bail out the banks. Again. Credit card companies will write off the bad debt as the cost of doing business, which will empty their wallets of imaginary wealth. Then, Uncle Sugar will step up and save their hides by creating more imaginary wealth in the form of easy credit. It's how things are done now. There's no need to make any more credit card payments, really. It's all taken care of, folks. (Note to commenter #1: You're only a peon if you give a crap.) Yeah. And when the “credit music” stops, the government will bail out the banks. Again. Credit card companies will write off the bad debt as the cost of doing business, which will empty their wallets of imaginary wealth. Then, Uncle Sugar will step up and save their hides by creating more imaginary wealth in the form of easy credit. It’s how things are done now. There’s no need to make any more credit card payments, really. It’s all taken care of, folks. (Note to commenter #1: You’re only a peon if you give a crap.)

]]> By: Triston http://susiemadrak.com/2007/08/27/09/51/the-next-credit-crunch/#comment-129244 Triston Mon, 27 Aug 2007 15:02:59 +0000 http://susiemadrak.com/2007/08/27/09/51/the-next-credit-crunch/#comment-129244 I saw this coming from a mile away. Credit card companies and banks need to get the money back somehow so it will be through higher fees. The pain is real and its being felt by merchants and consumers alike due to the irresponsible practices and policies of the card issuers. They got us into this mess in the first place and now they want to pass on more fees. One example is the biggest hidden credit card fee, the interchange. Fight back with us at <a href="http://www.unfaircreditcardfees.com" rel="nofollow">UnfairCreditCardfees.com</a> I saw this coming from a mile away. Credit card companies and banks need to get the money back somehow so it will be through higher fees. The pain is real and its being felt by merchants and consumers alike due to the irresponsible practices and policies of the card issuers.

They got us into this mess in the first place and now they want to pass on more fees. One example is the biggest hidden credit card fee, the interchange.

Fight back with us at UnfairCreditCardfees.com

]]> By: Peter VE http://susiemadrak.com/2007/08/27/09/51/the-next-credit-crunch/#comment-129243 Peter VE Mon, 27 Aug 2007 14:13:05 +0000 http://susiemadrak.com/2007/08/27/09/51/the-next-credit-crunch/#comment-129243 Welcome to the new world of debt peonage! Welcome to the new world of debt peonage!

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