CREDIT CARD BAD BOYS

Executives from the financial institutions who received funds from the $700 billion banking bailout faced their critics on the House Financial Services Committee on Wednesday February 11, 2009 in Washington. The chief executives at the hearing are: Kenneth D. Lewis of Bank of America, Robert P. Kelly of Bank of New York Mellon, Vikram Pandit of Citigroup, Lloyd C. Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase, John J. Mack of Morgan Stanley, Ronald E. Logue of State Street, and John G. Stumpf of Wells Fargo. Their silent response to the questioning tells the whole story.

Since this time, these companies have offered little relief to consumers. In fact, they have raised rates on millions of more Americans to help pay for growing credit card losses. The apathy of the American public to this additional "taxation" by the banks is beyond belief. Add to this the fact that Executive pay at the banks is going back up in 2009 (NYTIMES APRIL 25th 2009), and you see we are no longer a nation that believes in "United We Stand," but rather "Everyman for Himself."

Category:

News & Politics

Tags:

• credit
• cards
• banks
• financial
• crisis
• obama
• congress
• documentary
• news
• political
• commercial
• bank
• of
• America
• citibank
• wells
• fargo
• JPmorgan
• Chase
• State
• Street
• executive
• pay

[Dewdaahman]

The truth is unsecured credit cards were given to people with no jobs, no income,etc and the cards were insured by AIG!!!!!!! when the jobless and moneyless couldn't pay back the credit cards the issuer was given a big fat check for the loss, and the bad debt is sold to collection agencies and you get harrassed for 3 yrs while the original issuer is happy cuz he got paid twice, once by AIG and once by the buyers of the bad debt.. WHAT A SCAMMING BUNCH OF THIEVES!!!!!! arrest and jails them..

[mercurio0000]

I would love to see all this criminals in prison. They deprive the American People including me from the most basic things we need to "live" day by day. But remember. Problem, reaction, solution. There is always a reason why they expose stuff like this. They want a reaction from us! Why Cause they got the "solution". What could it be? Digital Money. A microchip implanted for everybody! I don't want that! That's slavery!

[roxcyn]

Well we can be proud of the new credit laws. They've change the industry's standards.

[Sassymarkrep]

Sounds like a bunch of bull.

[saadk3000]

Any Issues? "send them to me and we'll deal with the client in the proper and appropriate way" .. so what were you doing for this whole time? And what a talker. Nice way to not hold your self responsible ... "Oh I didn't know, but I'll get to it ... never."

[stokepogue]

I can't imagine why this video isn't more popular.

[shitonMOHAMMAD]

@billschannel

no, the only freedom is knowledge, followed by proper action, which in this case is to overthrow these pimps and gangsters and re-establish the US government, on top of the corpses and hung cadavres of the credit card companies, bankers, federal reserve pimps and corporations that have hijacked this nation and the world

[NowThePeople]

From 0:58-1:04 hilarious! You could hear a pin drop:)

[34thCAB]

I had a big balance on my wells fargo's credit card and I pay more then the minimum each month but the interest was go high that I am basically just paying off the interest. Time to time it seems like I am getting no where so I just decided to cash off the entire balance which is $3,747.89 on my wells fargo credit card. The funny thing is that after doing so they cut my credit limit by $2,000. I think I just got an empire mad because they can't make money off me anymore :)

[yourjunk420]

This shit works better than ipecac.,..

[bombumdam]

Wow, a whole table of people who deserve to hang..

[J1NX1337]

"Well, first of all the Federal Reserve is an independent agency, and that means basically that there is no other agency of government which can overrule actions that we take" - Alan Greenspan