START A PETITION 25,136,189 members: the world's largest community for good
START A PETITION
x

How Out-of-Control Credit Markets Threaten Liberty, Democracy and Economic Security


Society & Culture  (tags: abuse, activists, americans, banks, credit, culture, dishonesty, education, ethics, freedoms, government, law, media, politics, rights, society )

Kit
- 775 days ago - alternet.org
Opaque, dysfunctional and corrupt credit markets are hazardous to America's health.



Select names from your address book   |   Help
   

We hate spam. We do not sell or share the email addresses you provide.

Comments

Jason S. (57)
Thursday July 12, 2012, 11:58 am
thanks
 

paul m. (93)
Friday July 13, 2012, 7:46 am

Too much credit,,,,
 

TERRANCE N. (65)
Friday July 13, 2012, 1:39 pm
It's almost impossible to pay your bills these days without going into debt. The rulers in society have determine that putting the citizenry into debt is a classic way to control society. I personally have been saddled with aronius debt by the city and federal government that I am now contesting. The power of government and businesses to just claim that you owe thousands of dollars is rampant.

Then there are the businesses that literally steal and defraud you of your money from your bank account. Nine times out of ten the bank will side with the existing business against the consumer because both banks and businiesses feel it there right to exploit the consumer.

Who is the consumer to turn to when they are a victim of fraud? Surely not the government because our elected officials relly on kickbacks from these corporations to enrich themselves and remain in office.

People accrue debt not because they are incompetent. Debt is accrued based on a well thought out strategy by the ruling oligarchy. Then there is the fact that you put your money in a bank and gain zero interest. Mainwhile the same banks turn around and charge you upwards of 20% for a credit card.This is no accident. This is policy put forth by the banks, politicians, and corporations.
 

Janet B. (36)
Friday July 13, 2012, 2:34 pm
They can check our credit!!!! WE ARE STILL POOR!!!!!!!!!!!
 

Lois Jordan (54)
Friday July 13, 2012, 5:01 pm
When potential employers consider your credit score when deciding whether to hire you, it seems we have some big problems within this system. Seems my old grandpa was right back in the 1970's when he told me to stay away from credit cards. But, back then, regulations were in place to keep interest rates down. High rates used to be called usury...and it was against the law. Since the banksters and PowersThatBe rewrote all the laws in the past couple decades, we've seen our money "TRICKLE UP" to fund the banksters and corporations.
 

Kerrie G. (135)
Sunday July 15, 2012, 6:53 am
Noted, thanks.
 

Tal H. (8)
Sunday July 15, 2012, 5:34 pm
Thanks for the article!
 
Or, log in with your
Facebook account:
Please add your comment: (plain text only please. Allowable HTML: <a>)

Track Comments: Notify me with a personal message when other people comment on this story


Loading Noted By...Please Wait

 

 
Content and comments expressed here are the opinions of Care2 users and not necessarily that of Care2.com or its affiliates.