(The Government’s Safety Net Has Plenty of Holes in it)
BANKS AND BANK CREDIT CARDS
Listen---Banks are in trouble. Any dope can make money short term by borrowing BILLIONS free of interest from our Government and loaning it out to us sucker consumers at 20% per annum. This won’t last long, as when it comes time to account for the dead wood (non-performing/deficient loans) on the books of these Banks, they will again sink. Billions of dollars in loans buried on the financial statements of many Banks and reported as ‘Assets’ are about as valuable as toilet tissue.
Where will the Banks go to try and rearrange their deck chairs on their Titanic? Gouge the little guy (all of us) with hidden credit card fees, service fees, accessing fees, account maintenance fees, etc. Soon Banks will charge us for the stamp on our monthly statements. BANKS ARE NOT YOUR FRIENDS. All they want is your money and they spend it quite well on themselves with expensive corporate digs, jet planes, expense accounts and fancy homes. Hold onto your wallet and don’t get enticed with enticing offers----”there are no free lunches”!