Thursday, October 29, 2009

Big Business



Quite a bit of stirring in the old folk’s homestead these days. The bank which had a branch on campus went belly up the other day. We had FDIC and bank people here in droves. They tried to reassure people that the bank had been sold and it would be business as usual. But there is much unrest and I fear the new owners will find little left at this branch to justify it continuing. We were leery from the beginning and are hardly involved.

On the other hand, we have a gasoline credit card that is actually issued by one of the giant bailout recipients. They recently sent us a notice announcing an interest rate hike to 29.95 percent. As soon as we can find the little-used card, we intend to “opt-out” as they term canceling. Should I remind them that Shylock would have been hung for a charging such a rate? Since we are getting rid of the car it really doesn’t matter to us. (Nor them)

We continually hear the phrase “too big to be allowed to fail”. I’m not sure why that is true. If I were president, I suspect I’d let a few of these big fellows go under and find out how much worse that left us than the nation’s current circumstances.

2 comments:

Keith said...

Here in the UK credit cards run at about 15 - 20% (except the rip off ones for people with less than perfect credit). On the other hand, store cards (loyal to a group of chain shops) they run out at 29 % upwards. Yours is the second story from US where I've read of such hikes. Talk about screwing the customer.

kold_kadavr_ flatliner said...

Yep. BigBusiness gettn into Seventh-Heaven. Here's how MY thot processes lead the ego N the super-ego, Pops:

Whether you wanna believe in it or not, earthling, only 2 eternities exist after death, Up or down. And how we sinfull mortals have lived determines where we'll be placed (besides Purgatory which all git out).

Jesus doesn't choose.
Neither does Satan.
Neither does humanity.
Only YOU decide where.
And dats da fak, Jak
-Bill Murray,
STRIPES

Let this be your catalyst to Seventh-Heaven:

'The more you shall honor Me,
the more I shall bless you'
-the Infant Jesus of Prague
(<- Czech Republic, next to Russia)

Love him or leave him or indifferent...
better lissen to the Don:

If you deny o'er-the-Hillary's evil,
which most whorizontal demokrakkrs do,
you cannot deny Hellfire
which YOU send YOURSELF to.

Yes, earthling, I was an NDE:
the sights were beyond extreme.
Choose Jesus.
You'll be most happy you did.
God bless your indelible soul.