Controlling the banks

[question everything]

We've had here many threads about how the banks squeeze many people, raising interest rates through the roof when all one has done is maxing a different credit cards with a different bank.

Yes, we all know that carrying balance on credit cards is bad, but each has a different circumstances. We went through several "cycles" of long unemployment and we did use credit cards as much as possible, keeping cash to pay for necessities, like mortgage, utilities, etc. (this was before each agreed to be paid by credit cards).

But at least we knew that the office of the state attorney general - at least in most states - could be addressed for complaints about practices by a bank.

No longer.

A letter that we received recently stated that the "Office of the Comptroller of Currency (OCC) recently issued rules claiming that only the OCC can enforce consumer protection laws as to national banks. This rule is being tested in the courts."

[Trillo]

1. So what's the relationship of the NSA to financial institutions? NT

[FloridaPat]

2. Reminds me of the tin hat theory someone had recently about banks.

Theory is: feds have let the housing market go crazy thereby allowing the public to refinance their homes. The feds know things are bad. When things do get bad, the new bankruptcy laws will give the banks all those nice homes that people refinanced. The gov't is trying to make everyone homesless and willing to joing the army or whatever to do their bidding.

[NYC]

3. Even if they didn't plan it,

they'll reap the rewards.

[KT2000]

4. What are the results??

This is a quick way to break the back of the middle class.
The consumer base is no longer in the US - something I recall Wes Clark saying at a campaign stop.

The wages are too high in the US and the consumer base is in China and India.
Besides joining the military, the wages need to be gutted for the jobs that are left. america is failing because corporations have brighter horizons elsewhere.
But who is going to pay for all the bunker busters? Wonder if they have thought about that.

[FloridaPat]

5. Well, if we own all the oil....

[KT2000]

6. Oh Yeah - forgot

about that.