Kindle Fire

Wednesday, July 11, 2012

Banks manipulating interest rates and abusing credit cards.

This is an enormous problem of crime by the banks and cannot be over emphasized. This is the main reason for the great recession and why the economy is in the dumps and housing is in the cellar. What is most outrageous is that the banks have the hubris to fight regulations and are succeeding because congressman and senators have no morals and are afraid of losing financing to to getting elected again. The public rightly holds the banks and congress in low regard. Commonweal’s editorial of June 15 is a step in the right direction. This is a corruption, collusion and cover-up which is bigger than the crimes of the bishops because it has endangered a whole nation and destroyed the Middle Class.

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