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US Citizens Starting To Rebel Against Wall Street
The Wall Street - Main Street confrontation has been inevitable ever since the banksters decided to do anything and everything to perpetuate the game of Heads We Win, Tails You Lose, this time openly at the middle class' dime. It appears it has now emerged fully into the open.
While this video may or may not become viral, more people are ready to take action into their own hands, fully aware of the complictness of the Wall Street - D.C. - Regulatory complex, while cognizant of the downside.
With bonus season rapidly approaching for Wall Street, and by all counts this one may yet be the biggest in history, Wall Street will face unprecedented scrutiny for each and every dollar it pockets. And if the AIG fiasco was any indication, a rapid downturn in the markets is all it will take for populist anger to really morph into something more cohesive than merely people making YouTube videos or breaking Made in China products with their baseball bats.
h/t Karl Denninger
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Bustmas, now that's something I can agree with. Enjoy a nice meal at home prepared at home with family without the gifts. If anything give people cash and ask them to only spend what they must and save the rest.
other good idea:
find your inner artist
make your own gifts
She could have cancelled the card and they would have had to leave her at the rate when she cancelled. There must be more to that than we're seeing. Still, I back her thought that the banks have screwed the middle class with full participation from our representatives. Or perhaps that was the plan; Obama can now nationalize all the banks.
My wife and I got letters in the mail from Chase and US Bank declaring that our new interest rates would be libor plus 477.88% or some shit like that. Rather than fume and foam and piss and moan, I just wrote them a letter to close the account and seal in the old terms and old APR on the balance remaining.
It's a marketplace. For every bank that wants to charge 27% on a line of credit, another will charge 10.99%.
I don't know why the bank is at fault for doing exactly what they promised. Open lines of credit are like a trap door. This is a good lesson for all to quit using them.
she's going to be forced into a cash basis existence anyway, she might as well take the opportunity to send a message and hopefully drag some others with her. why not.
replace B of A with the IRS, then replace ken lay with bernanke/geithner/paulson.
YeS !
Lets BUY the Credit Card Cos....AXP, COF, BAC !!!
This is GREAT NEWS ..
You must buy when the bad news is out...
....this is the beginning of something HUGE
--all of these stocks are UNDERVALUED....based historical trends and seasonal patterns.....and if you add up, all this incremental evidence, its the beginning of a new wave of credit card company gains....massive profits....a return to the 80's-90's glory days. ---and yes, massive and glorified, (and adjusted ) net earnings....
good god, I am sounding like a banking analyst- someone shoot me.
I dunno,
I still don't get how she claims she can pay it off if they would just restore the old interest rate, yet she was comfortable carrying a balance at the 23.74% APR she was previously enjoying. How is that good?
No matter how you slice it, she is kind of dopey. Like others here, I share her frustration and think such a movement could be neato, but come on.
For all we know the card has a $432 balance.
Take that you mean old dirty nasty bank!
I harbor very malicious and evil thought for the TBTF banks and their protectorate in DC, but I also wonder what it was she bought on credit that she couldn't afford at the time -- she was living beyond her means. About the only thing I can think of that would be justified is payment for a giant health care bill she had not expected. Otherwise, gasoline, televisions, movie tickets, clothes, or toy model race cars shouldn't have been charged-up and carried over month to month.
Since she didn't invite me to critique her personal spending habits, I'll just say that I hope she sticks it to BofA big time if BofA isn't willing to reset her terms back to the levels they were at the time she undertook her purchases. She made a reasonable offer.
Um, hello?
I'm convinced that some of you people do not actually live on the same planet as the rest of us.
"What did she buy that she could not afford... she must have been living beyond her means"
Does shit not happen in your universe? Must be nice there. No unexpected $500 auto repair bills you can't pay for... No surprise healthcare bills... Nobody stealing important and expensive shit you need to do simple things like 'keep your job'.
I have no credit cards. I want no credit cards. But they offer a hell of a lot more flexibility in dealing with bad luck - and it has been my experience that the poorer you are, the more stupid shit happens to you.
Anyone who can't understand this is going to be pretty fucking shocked when the knives come out.
"For all we know the card has a $432 balance."
If you look at the background she is a collector of things made in China, so my bet is she owes upwards of at least 5k. Plus she is unemployed so I bet she was using the card for necessities also.
Jesus, what are you the new CheekyRetard?
STFU breeder.
Oh you are good with the ladies. Teach me.
Dopey? Way too many on this board think their half assed degree puts them in the upper class. You've all been fooled...again
You got that right. Consuming all the wrong products, using all the wrong language, looking entirely wrong while sounding so . . . populist. Can't you just smell the disdain?
Yeah, we've been fooled . . . but at least we have taste, right? What a sad fucking joke. A lot of us are the very cocksuckers who laid this path and really didn't give a fuck--as long as they could lead the life.
How can you not find her referring to Lewis as Lay priceless?! Agree she's needlessly shooting herself though, better to pay the fucker off and cut up the card/close the account.
As far as I am concerned, the "fucker" will get his money over my dead body.
Indeed.
You go GG!
For all the righteous commenters on here who find it's best to be neat and tidy about closing out these accounts and being punctual with the remaining payments, I've got a fat-phucking-handful of revolving I'd like to introduce you to. Don't be shy, the banks are waiting for those timely payments...
I just wanted to share an enlightening paragraph from this rather interesting article on BBG about the wealthy having to file for bankruptcy due to their real estate holdings:
“Real estate is an incredible thing on the downside,” said Jason Green, a bankruptcy attorney based in Washington. “Equities can only go to zero. Property can go well below zero,” because of expenses such as property taxes, insurance and maintenance on primary residences, vacation homes and investment properties.
http://www.bloomberg.com/apps/news?pid=20603037&sid=a6l3xr8MUE08
If this sort of thing really catches on, mister Obama & Co will have no choice but to declare martial law, round up unruley debt slaves in cattle cars and ship them off to the Eastern front where they can 'consolidate thier debts' by killing for the empire.
Eastern front. Priceless.
Yes we have always been at war with Eurasia
One wonders if the game plan for the "players" isn't to jam this market into "bonus season"?
Will 1100/1150 o n the s&p, leave the masses comfrontable numb, so that their apathy can be counted on when it comes to record payout for the lucky few?
I cannot but believe that there will be an effort to block this information due to the "threats to personal safety" issue after AIG employees receiving death threats.
The "views" counter is stopped at 308. Has been 308 for a few hours.
Whenever there is a seditious video they hide the "views" count.
Jesus man! I hadn't noticed that. Should be at least like 30,000 by now considering it's posted on both KD's site and ZH.
The consumer really has all the power in this matter. But middle america is running pillar to post trying to maintain that 'ideal' America that has been sold to them for years. Slowly, as more get affected by this horrible recession, and more people who are working hear of family and friends who are struggling, the masses will awake with great tension and frustration, with all things Congress and Wallstreet.
She is awesome. We should all do the same.
I've coined a new term to characterize the feelings of the consumer: 'We're tired of being 'Fee'd On."
Excuse the non sequitur, but this is painfully funny:
http://www.youtube.com/watch?v=jaDFeTH74s8&feature=channel_page
ROFLMAO. Now that's just math or something yall.
So this woman mistakes a name. Whatev. The intended audience is not BoA, or the MSM, or even the government for that matter, in despite of her addressing them directly.
She is speaking to regular Americans. What happened to the money? How do we get it back? These are the questions that this woman is asking Americans to think about. These are the questions she is asking Americans to ask of our overseers, loudly, forcefully, and without apology, until the current regime of obfuscation and distraction doesn't fly anymore.
The bankers look at her and laugh... w/o any sizeable movement, her point is moot.
they laugh behind closed doors because they don't have the balls to do it in front of our faces...whatever this lady's reason...she put her self out there...every avalanche has a start zone.
Because you were just not depressed enuff-
http://www.marketoracle.co.uk/Article13251.html
yeah but but but housing bottomed .... again
http://finance.yahoo.com/news/Treasury-says-millions-more-rb-1620457917.html?x=0&sec=topStories&pos=1&asset=&ccode=
that's been out there for a while now...some of it is pure fantasy, some of it isn't.
Wow...that's a grim assesment... scary
"Freedom's just another word for nothing left to lose."
All the elitist, pompous, a-holes of Wall St, the Beltway, and you too in f'ing Charlotte, NC better get ready. This is NOT going to be pretty.
Very good source just told me that Washington is going to pass the HealthCare bill on Friday...(regardless of what the people say)...this could get interesting...very quickly.
Should there be a revolt I believe then the bankers will disappear from the BID on the dollar. Call me crazy...then once the dollar collapses this will take the fight out of anyone who wishes to 'revolt'...
Just a guess...
What are you smoking?
I should have been more clear next Friday....as far as what I am smoking here you go .....I got off the phone with my Congressional insider and then look at the time stamp on my post.....
Now look at the time stamp here on this very story.....
http://www.politico.com/news/stories/0909/26912.html
Your apology is accepted....please do not mistake what is occuring...
Excellent! We should ALL default on the loans of the TARP banks. I already started the revolt last year. I had credit cards from all the TARP banks. I maxed 'em out and then defaulted on all of them last year when they passed the TARP, and to add insult to injury, bought physical Gold and Silver with it. I mean we would only be getting back what the government FORCIBLY took from us and gave to the bankers, plus it would hit 'em where it hurts the most and it is the most peaceful way to do it.
+10 Fuck 'em.
Smooth move. I'm considering doing the same thing. Any repercussions?
They had the landline number. Got rid of it. They sent letters too, but that hasn't been a problem since I moved - I threw them in the trash anyways. Plus, of course, I don't intend to EVER go into debt again, so they can shove their "credit score" up their a--.
I guess this is sort of analogous with the g-men. They're maxing out their card with no intention of paying it back so why shouldn't we?
I made the same resolution to not be a part of the system and not to take on any more debt as well. the logical conclusion is that my credit score wouldn't matter in that case, so why not return the favor and scam the banks on my way out of the credit based system.
just wait till they start calling your employer . . .
oooo Like we are so scared of that nonsense. The bank can call whomever they want. All that it will do is + me up in the eyes of the person who answers such a stupid call.
If you send the creditor a notice to cease communication, calling the employer (or anyone else) becomes an actionable incident.
just wait till they start calling your employer . . .
If they call your employer after receipt of the notice to cease communication, you can sue the creditor's pants off under the Fair Debt Collection Practices Act.
Hah! Best idea I've heard yet. Throw in some canned goods with the gold and silver.
kudos to you good sir, this is 100% awesome
Congratulations fellow "radical defaulter"!
Din't mean to flag this a junk...clicked on it by mistake.
You can't eat gold, GG. You should have stocked up on goods that have real exchange value in a crisis situation: food, water, liquor, cigarettes, medicines, bullets, etc.
For those who haven't taken action you will be surprised at how empowered you are once you do so.
I sold most everything I own except essentials - house, furniture, etc - and moved into a smaller rental home in a large southern city.
After a few anxiety attacks peace settled in: no mortgage, no car payment and very low overhead.
I understand the redhead. She's taking action. More ought to so as well.
The more I think about it, the more I wonder why it's the casinos who receive all the criticism when the players are every bit as much to blame.
The "banksters" didn't cash-out refinance their homes to pay for their lifestyles. They didn't rack up huge credit card debts to pay for endless vacations and high-tech toys. They didn't think of themselves as being above manual labor, leaving it to immigrants and overseas workers, preferring instead to pursue empty careers as "real estate professionals" or "day traders" or "financial consultants" or other meaningless jobs that relied solely on the continual inflation of asset prices to be relevant. And they certainly didn't expect to make a killing shorting the S&P 500 and then spend all day crying on financial blogs about vast conspiracies manipulating the markets when they inexplicably go up.
You can blame the casino operators all you want, but nobody was forcing anybody to go in and put their money on the table. It's time for the players to start taking some responsibility for their own actions.
Let's consider this for a moment:
Fact #1: The bankster/Fed/DC manipulation of the dollar has caused it to lose purchasing power year after year.
Fact #2: Workers' real income has, at the same time, stagnated or decreased since the 1980s
Fact #3: The portion of the national product consumed by government at all levels has skyrocketed (example: 1997 federal budget was only 60% of 2007 federal budget - and don't get me started on the O-budget and rosy projected deficits)
Fact #4: Increased government sector and regulatory burden has increased daily expenses for every American.
Fact #5: Bankster/Fed/DC unconstitutionally and immorally steals our savings through inflation by borrowing/printing presses, and lines their pockets
How exactly is it the average American's fault? (Except that we've allowed this sh** for so long?). Yes, living beyond your means is gambling - but who is reducing those means? If I need x number of dollars to feed and clothe my kids and maintain a modest middle class lifestyle (sans big screen TV, by the way), and Joe Fed comes along and takes my money by the methods listed above - how is it my fault that, after the theft, I am all of a sudden living beyond my means? I guess I should be morally upright and smile as I'm robbed, and do without. Is that what you're suggesting?
Well Anonymous 63597, have you thought that maybe responsible folks might be pissed off as well? I have zero non-mortgage debt. When I bought my house in '01 I backcalculated how much I could borrow based on the amount I could afford each month on a 30yr fixed/10% down. In '03 I refied to get out from under PMI, take advantage of lower rates, and shorten my term to 15 years.
I've watched the interest paid on my savings rate drop from >5% to <1% over the past 3 years. My share of the national debt has close to doubled in that time and I sure as hell don't expect to ever see any of the money I paid into Social Security (I'm 36). I am livid at bailing out those that made stupid decisions from the heads-I-win-tails-you lose banksters to the governments and people living beyond their means.
Unfortunately I have too much integrity to stop paying my mortgage, but I'm opting out of the system as much as possible. For me that means paying off the mortgage to be totally debt free as soon as possible. No money with the TARP banks (I've always been with credit unions because fees piss me off). No unnecessary purchases other than supporting some of our fine local dining and drinking establishments. I also operate outside the system as much as possible by using barter and buying things used or otherwise not from a big retailer.
Funny thing is that my rosebud still feels like I just crapped out a habanero-studded ball of barbed wire...
Kudos to you my friend - seriously. Sounds like you've done a great job of living right and staying ahead of the game. Almost makes me feel bad to know you're bailing my ass out...
You don't sound like the first anonymous I refered to.
The bailers may eventually cotton to another (slang) meaning of "to bail".
I would worry about the possibility of someone accumulating a list for the internment of dissidents in the FEMA camps.
Strength in numbers people.
Tho I'm debt free, I have empathy.
Don't give in to fear. Stand brave.
Awesome! This chick rocks!
More people should follow her (and my) lead. I stopped paying my credit cards a couple months back (~$50K worth). They call all day. My auto-attendant dutifully answers and fends them off. Pretty soon, my auto-attendant will check the caller ID and forward the offending bank calls to the "dead number" message. Muhahahahahahahaha!
Oh, Bank, you never suspected one of your customers would have their own auto-attendant? Silly you. I counter your auto-attendant hell with my own. But mine is of a lower ring. As far as you're concerned, I am Satan.
Oh, if I only had a T-1. What fun I could have with you.
As an aside: Auto-attendants for sale. Bank-repellant programming extra. Inquire below (in reply comments).
I am Chumbawamba, and once again, that's "Muhahahahahahahahaha!"
I SAW IT AND FELT LIKE SHE IS THE VOICE OF THE REAL WORKING AMERICAN (OR UNEMPLOYED) WHO HAS GOTTON THE ROYAL FUCKING THE LAST SEVERAL YEARS.
I KEEP HEARING HOW THE STOCK MARKET KEEPS GOING UP AND THEN SEE ALL THE FATHERS PICKING UP THEIR KIDS AT SCHOOL AT 3 IN THE AFTER NOON..UNSHAVED AND LOOKING DEPRESSED. OBVIOUSLY OUT OF WORK AND NOT HAPPY ABOUT THE FUTURE. IT TEARS MY HEART OUT AND SO I DONT SPEND ON ANYTHING BUT FOOD AND UTILITIES. I WOULD LIKE TO MAKE ALL THOSE WALLSTREET ASSHOLES GO OVER TO IRAQ OR AFGANISTAN FOR A YEAR..TO SEE WHAT BEING AN AMERICAN MEANS. AND NO EXEMPTIONS FOR THE JEWS FOR RELIGIOUS REASONS.
The very samething happened to my wife and me. Coming back from Iraq, my APR was 6% (mandatory by law for deployed Marines). Afterward, my APR on my two credit cards (one was formerly from MBNA before BofA acquired them) went back to roughly 14%. Suddenly, my APR jumped to 29.99%.
I called BofA and noted to them that my credit is excellent and that I'm a long-standing BofA/MBNA customer, is there something they can do? They said no way. So I began transferring everyting (still in the process) to Navy Federal and USAA. I was so enraged that I'm also moving anything I had with other big banks to my credit unions.
To add, I'm an investment manager by trade, and know the banks well. I'm not naive and realized that BofA was effectively collecting a 'vig' of 26% (30% less cost of their borrowing). And even if I incorporated in the bank's credit card default and charge-off rate, the 30% APR was entirely obscene...effectively a rape.
At some point, I believe that their will be a jump in walkaways -- from subprime, alt-a, option ARMs, interest-only and even prime -- from all the debt piled up, the deleveraging of America (a la Irving Fisher) and that banks failing to either acknowledge or accomodate the situation will only make matters worse. The bright spot that is when the deluge of walkaways start, there's safey in numbers. Whether bankrupts or a ding on your FICO score, it simply won't matter if millions of households are in same boat.
This, I believe, is predictable, and therefore (possibly) bankable. This country's over-indebtedness, the resulting delevering and contraction, is likely to result in deflation. The swelling of the dollar should result in a marked drop in asset prices -- commodities and equities. And some point, when the stock market fervor gets to retailers, I'm likely to go short.
Keep pressing,
Chris Monoki
USAA is nails. You'll love them
Agree.
Agree with that, I have never been a customer but have done business with them at the professional level. Anyone with any connection to the military should use USAA as much as possible, it is a class organization.
I would worry about the possibility of someone accumulating a list for the internment of dissidents in the FEMA camps. Strength in numbers people. Tho I'm debt free, I have empathy.
Now, now sheeple. This is just the type of message that Tom Brokaw was warning you about yesterday. See, this uninformed woman is making a decision on her own without major media's approval or direction. She's really screwing the pooch here and not maintaining the status quo. Sheeple, you can not act this way. You can not learn or trust anything you get off of the internet. You must listen to the media. You are not qualified to make an informed decision without our saying so. Pay no attention to the infomation you find on the internet.
I know you are being sarcastic. Just in case you are not:
shut the fuck up
LOL - totally sarcastic.
http://shankystechblog.blogspot.com/2009/09/tom-brokaw-can-kiss-my-butt-...
I detected the sarcasm from a mile away.
Excellent!
Now keep your eyes and ears open because there are many power groups that are desperate to control internet content and access.
When and if that happens, then the lead really will have to fly.
KEEP THE NET FREE!!!!!!!!!!!!!!!
I understand the frustration behind this, but credit card payments represent future cash flow to these companies, and they have write off provisions in place that adequately cover the few hundred people tops that might follow her lead.
I agree with several other posters on here though: you want to kick these banks square in the gonads and have them feel it NOW: withdraw your deposits. Get to know your friendly neighborhood Credit Union or S&L.
Rooting for the day that TBTF stands for Too Big To FUNCTION...
A few hundred? HA, HA! Wake up Van Winkle; this woman is voluntarily doing what millions are, or soon will be doing involuntarily. Doesn't make a damn either way. Don't be jealous; join the revolution!
I still do not understand how we are allowing the banks to even be profitable. I'm as libertarian as anyone, but these guys need to be punished. They shouldn't be allowed to make a penny for about 5 years after they have fully repaid any loans from the taxpayers. We bailed them out and now they are bilking us as a thank you. Screw that and screw them. Any profit they make should go towards debt relief or into the Social Security trust. I'm so fed us with these clowns and I'm in the business!
They should have been allowed to close their doors. Once that Pandora's box of bailout cash was opened, the door to liberty was closed. Your friendly government robbed you to keep their doors open and now the only way for them to pay back the TARP is to make a government sanctioned "profit" by jacking up your rates. If the bank isn't "profitable" and doesn't pay its employees something competitive, the Treasury won't see TARP returned - never mind that it's all just taken out of your hide either way.
You can also thank the stupid new credit card legislation for your new, higher rates. When banks can't raise the rates of people who are poor credit risks and regulation stifles competition (and it does), this is the result.
How many times will the central planning experiment have to be tried before people get it through their thick skulls - it doesn't work.
BEAUTIFUL!
This video may be a valid indicator of increasing unrest in the country side. For example, I have a definitely lower-middle class relative who will be joining a busload of their friends and neighbors going to DC this coming weekend to express their displeasure over the current situation. I have no reason to believe there is any activist behavior in their history and was surprised wen I learned of their involvement.
I have not been able to explain the details of CDSs, CDOs, etc. to them. They really don't care about the finer points of the scam. They do understand that they are being screwed and our representatives in DC hve failed to protect them. They are not happy as they see their retirement threated, their kids lose their jobs, etc.
Hopefully, the diversion of this anger into credit card strikes, refusal to do business with TBTF financial organizations, Government Motors will serve to avert a more violent response.
CNBC will probably have to roll out the Carmen Wrong show again to re-educate the peons..."Your credit score is important!"
Fuck you credit score!
lets get back too a cash economy....then what happens to all prices and valuations...?
Yes they go down where they should have always been.
Fuck "Fair Isaac", Experien, Equifax & Trans Union.
Project Mahem is fully operational, sir.
And the fuckers have lit the fuse themselves. What a shame . . .
This thing can't be stopped now.
Doctor Housing Bubble has a lovely pie chart depicting the banking and financial bailouts vs. the stimulus package. Everyone should see it just to remind themselves where all the money really went.
+1
I have assets, so it's not reasonable for me to default on a credit card. But
everyone who has an account with BofScamerica should withdrawl their money
asap and cancel their card. I did! Just their usurious interest rates and criminal handling of the Merrell Lynch merger is reason enough. It's time to take out the
thieving scum.
Put your assets where they can't get at them. This does not mean you have to move them anywhere.
Once the tyranny of the "credit score" is no longer respected....and that last social chain is broken....all hell will break lose.
I see evidence of this type of anger where ever I go. What is the tipping point for this to become a real issue? This is snowballing at this point. Americans HATE the banks.
Suggestion to the lady in the clip: Get a prepaid CC and Cell phone. Don't leave money in a BoA account. They are not supposed to take it but they will. They might be able to get at your money in other banks as well. Don't worry. They can't hurt you. There are too many of you. Good luck.
I suggest everybody stop keeping their money in banks. At this point, it's just an invitation for them to rob you. Plus what are you keeping it there for? The privilege of earning 0% interest? So they can use your hard earned money to speculate in the markets? Just keep cash at home in a safe - some as paper, some as PM's. These simple actions will do more than you can imagine to make the corrupt banking system collapse faster.
Your suggestion sounds great in principle, and believe it or not, I actually thought about it; until I realized just how corrupt our entire financial system is.
Bottom line: if you take your money out of the system, which I applaud you in theory for doing, the corrupt Federal Reserve will simply fire up the priting press and print more. You can't stop them----short of a complete collapse of the system, our system is terminally corrupt and cannot be stopped.
True, Wamu had $9 bil walk out the door in 10 days. It's ok, Hank, Timmy and the rest will marry you off to a rich cousin.
Wall Street has become such a detrimental parasite to the American public that they are now in the process of killing their host. This will end badly...
You're exactly right. Stop giving the crooks our business. Just this one simple thing would hobble
the bastards.
Revolt's been going on a little longer by folks in the know.
http://www.youtube.com/user/visionvictory?blend=2&ob=1#play/uploads
Advance to 3:40
Its only 40 seconds long
Credit scores are only valuable if you have a job and need to purchase on credit. No job = no credit. Existing credit + No Job = eventual default -> bad credit. Either way, this could lead to some instability if it takes hold.
Since eventually one way or another you are going to have bad/zero credit, why not max out your credit limit before it happens? It's the smart thing to do.
Since eventually one way or another you are going to have bad/zero credit, why not max out your credit limit before it happens? It's the smart thing to do.
credit=inflation. nocredit noinflation. credit is good for consumergobblers & their suppliers & bankergobblers. growth is a 5 letter word that produces specimens like Lord Mandelson, Privy Councilor. good luck with that.
A couple years ago I jokingly said "There won't be enough debt collection agencies to do the evictions and repos". Now that looks like more than hyperbole. Now I'm seeing a somewhat serious possibility people will go to bartering like they do in failed states: cigarettes, booze, bullets - highly liquid commodities during a working class revolt.
Folks are heading back to the malls and they are spending again.
It's amazing how much spare cash one can free up when he stops paying that damn mortgage.
YOU SPEAK FOR TENS OF MILLIONS OF AMERICANS. REFUSE TO PAY. SCREW EM
I asked a friend of mine how his house sale was going and he matter of factly said, "oh the bank took it".
Like it was nothing at all for him to say.
I've got accounts with BofA, WellsF, Wamuoops- Chase. With my good credit and zero balance BofA CC they thanked me by cutting my credit limit by 1/3. I think I'll wander on over to my local BofA and tell'em I'm moving my business. My 50k savings balance is peanuts but it'll serve "TARP for life" BofA right.
I'm certain that this will harden her resolve:
http://www.metro.co.uk/news/article.html?Goldman_Sachs_boss_offered_woma...
500k in HRS (horizontal refreshment swaps) for that juicy piece of underlying collateral.
She might have gottten a better deal after bonus season though...
The best way that we can support her is to make more videos titled "Bank Revolt" and post them on YouTube. I will...
I want you to all be very very careful about this. You are seeing the same destrucitve forces the carry trade takes out on nations acting on competing banks. When a bank jacks your interest through the roof DO NOT tranfer balances to other banks. DEFAULT. You will unwittingly be involved in competitive bank destruction tactics.
I am surprised that the se is 1.5% even though
the sample is somewhat large....the response
rate is extraordinarily high.
good articles: good articles 4 slow news day ..http://www..
hat tip: stock market news finance news & opinion updated daily
no wonder she's upset, FDIC is bankrupt, and more than 1,000 banks will fail over the next 18 months:
http://www.foxbusiness.com/story/markets/industries/finance/demystifying...
how's the insolvent Corus bank been doing? FDIC missed its deadline AGAIN.
go get your money back while you can.
friends, take this from someone who spent his 20's damaging his FICO so obscenely that it is now probably still in the 10th percentile or lower:
IT REALLY DON'T MATTER
yes, you will have to make sacrifices to what you believe is necessary for survival in this country but those sacrifices may turn out to be liberating.
http://www.reuters.com/article/newsOne/idUSTRE5874VE20090908
The outrage is still out there. Is anobody taking notes?
The social, economic and political compact of this land is in shreds. Like the woman or not, support or not support her, each of us has to take care of sh1te. First seriously for ourselves/families, then our neighborhoods/communities and then the bozos in DC. The greatness of this country was in self sufficiency, limited gov't, rich and poor off our backs and a god fearing posture. Venom and lingo will not cut it. We need to innovate back to first principles.
and then there's the gun law trying to get under the radar. this makes this great lady's mini-revolt look like child's play.
http://www.opencongress.org/bill/111-h45/text
"clinging to their guns and bibles..."
be afraid, very afraid (and vigilant).
I do not support this woman. BofA may be criminal, but so is she. As a Bank of America customer, that is MY money that she borrowed, and now she decides she doesn't want to pay it back. She knew that BofA could raise her interest rates when she spent the money.
Was it a bad deal for her? Maybe. But she shouldn't have made it.
Well Robert that is MY taxpayer money you and your criminal goons at BOA stole out of my pocket for your CEO's lavish bailouts.
Congratulations on being part of a criminal enterprise and having the cahones to admit to it.
Maybe your next account should be with the mafia.
Empower your oppressor? Bank shill perhaps?
LOL! Do you even know how the banking system today operates? Ever heard of fractional reserve lending?
It's not your money. Your money got lost. Then replaced by taxpayer money. Ya ya nobody should borrow money without being all mega responsible and blah blah blah. Unless your a central bank. Then it's ok to screw up because you have the american people support. As long as you threaten them with defaulting banks and martial law if they don't support you. It's all very harmonious and wonderful.
pixelated by a bank magician schmuck, in a suit. who charges fees for pixels.
not long after fractional banking got going, c. 17thC in earnest, bankers needed bodyguards.
YOU RELATED TO HANK?
she signed up for one game... they changed the rules. new game.
it's alright. you're next - somehow, someway... then we'll see how the wearer changes the shoe...
watch your pension(s). then we'll see you on u-tube... lol
Why are you still doing business with a corrupt bank?
Actually, robert_paulson, it's not your money. Or anyone else's. The money lent by banks and other creditors is completely notional: it is literally created out of nothing through the practice of fractional reserve banking. The entire financial industry is built upon a centuries-old scam that has been playing out since the late-Renaissance. The woman is in no way a criminal. She has merely realized the con and called out its perpetrators.
blabbing on the internet is useless. that's why the fuckers invented it.
distractiones ...
debtors' revolt ... sounds good after they scoffed the whole cake ...
Not if she follows through with it. Then she acts in the real world and if everyone does the same then this is action you can believe in.
i work in the legal field. i know that if whoever tries to sue you in the civil court for money, you don't have to accept the court paper (summon) from process server or certified mail of usps,(don't sign anything from those two), then their case again you in the civil court will be dismissed because you are not served. don't let them know where you work. nothing they can do to you. good luck. let's bankrupt this bogus (consuming and borrowing) economy so our impotent leaders can wake up. they outsourced every manufacturing companies. good luck girl.
I am a firm believer in jury trials. I am a good
citizen . I keep myself informed. My doubts are highly reasonable. Just choose a jury whenever possible and you might get me. No fuss. No bother. No drama. I just vote against the higher paid lawyer. Sometimes I spend an extra day sequestered. So what, free food.
What about the citizens who lived within our means? Who although we made $40k/year, we didn't go out and buy everything under the sun? When are we going to get to reap the rewards for our previous sensibility?
This is the problem I see with many scenarios... why does anyone get a bailout? What incentives does that create? What benefit do I get for not contributing to the problem?
Amen Sister!
This girl is part of the solution, not the problem.
Every invesment firm or bank in this country that took on toxic crap at 40 to 1 leverage deserves nothing else except immediate mark to mark accounting and bankruptcy.
People that try to shame this girl into paying back the criminals that run our country so they can award themselves OUTLANDISH BONUSES based on stupidity are as much a part of the problem as the criminal banksters themselves.
These institutions stole our taxpayer money. They are bankrupt. There is no future business that needs to be transacted with them. They no longer exist on paper if you simply do fair and proper accounting.
Now, THAT'S what I'm talking about!
If goofballs like Blankfein really want to have clawback provisions as a basis for bonuses-- let's put the system in place.
THEN lets institute mark to market accounting on them. I'd like to see them dig themselves out of that massive black hole.
+10000000000
Pound them!
It's time to bring the word USURY back into America's vocabulary. I was happy to hear it at the start of this rant.
http://www.reformation.org/moneychangers.html
JPM (Chase) has been pulling this unprovoked rate-jacking garbage for years now. And they have yet to be called to task on it by anyone in the media (well, no surprise there). Definitely all for taking this viral and beyond.
9/9/2009 2:02 PM ET
(RTTNews) -
Can u believe this $hit.....reports must come from their second set of books....
Am I the only person who isn't impressed with this woman's "courage". If she is financially responsible, as she implies in the video, why does she have credit card debt and no savings (presumably if she had any savings she would have the brains to pay off her balance). Did somebody hold a gun to her head and force her to take out a credit card?
I'd say 30% APR is more than fair for unsecured debt on someone with no income, no assets, and no savings. If 30% truly is a usury rate, then she should have no problem finding another lender willing to transfer the balance at a lower rate.
"Did somebody hold a gun to her head and force her to take out a credit card?"
This is a bloody NONSENSE argument. The banksters FORCED her. They have jacked up the prices of everything around us by extending cheap credit using MONEY CREATED OUT OF THIN AIR - operating on practically ZERO reserve requirements as they are. What do you do when everything you need to live has been bid up using cheap credit? You borrow money. Need a car - borrow money. Need a house - borrow money. Need a decent education - borrow money. A medical situation perhaps (and your "co-payment" is in the bloody thousands)? - borrow money. This is how the debt spiral starts. So please don't come here lecturing me that it is all my fault because IT ISN'T. Now F--K OFF.
"The banksters FORCED her."
Funny how the banksters haven't forced me to do anything. I find it amusing how Americans think that houses, cars, and expensive college educations are all god-given rights. My wife and I share one car (11 years old), rent our home, and pay for her education by foregoing things that we would like, but really don't need.
Now I'm not defending the banks. I think it is outrageous that we have used taxpayer money to bailout those clowns. However, I think that individuals that willingly took on more debt than they could pay back are also culpable for our current predicament.
"Now F--K OFF"
Do you really think this statement helps your credibility?
She didn't take out more debt than she could handle. She is outraged because BofA jacked her interest to 30% when she has a 100% good payment history.
How would you like it if your rates were jacked to 30% and folks told you that it was all your fault because you borrowed it?
You should live a cash, barter or neighborhood swap system lifestyle and screw all interest bearing instruments.
Again, if 30% truly is an unjust rate for her risk profile then she should have no trouble transferring her balance to another institution. I think this video is a convenient excuse for her to back out of her obligations while making it seem like it is for some noble purpose.
"How would you like it if your rates were jacked to 30% and folks told you that it was all your fault because you borrowed it?"
I don't have to worry about a bank jacking my rate up to 30%, because I never made the decision to run up a credit card balance in the first place. It isn't exactly breaking news that credit cards are a sh*tty deal.
You are 1 out of a 1000 who acted prudent and obviously had some great immunity built up against the many years of propaganda.
You are not a victim to the GOVERNMENT - MEDIA - CORPORATE - COMPLEX.
Don't fall victim now.
People got sucked into the game. Nations and banks got sucked into buying AAA rated garbage from US banks.
The US has pillaged the global financial system and is now pillaging its own citizens.
ENOUGH!
http://www.youtube.com/watch?v=HAd0jOuQg8o
Report out today states that the chance of ever recovering any of the TARP funds tendered to the auto companies is very unlikely! Let me see now....if a company is in the hole to the tune of hundreds of billions of $, doesn't that mean that they are .....uh.....bankrupt! Close the f$ckers down and liquidate for what ever can be salvaged!!