The American public is fed up with banks
Never mind the gridlock in Congress, a body that “we the people” put in place, which if truth be told seems to be all about I, I, I, Me, Me, Me, or My, My, My…this potential revolution that I am starting here, has to do with banking.
Banks were saved by the American taxpayer! Having had everything to do with their potential failures, the exalted top figures proceeded to give themselves bonuses as soon as our dollars made the banks stronger.
Let me give you a few examples of what seems to me criminal behavior, which used to be called usury.
Shop around and see what interest banks are offering on your money (CDs, money market, checking) that should not be at risk. Pathetic!
Open a credit card at Saks Fifth Avenue or Lord &Taylor, for example, cards which banks manage, and you will find an offer to “lend you money” for purchases at starting rates of 23.99 percent and 25.49 percent!
On the other hand, if you are fortunate enough to have an American Express Card and you charge and pay back over a certain amount, you get back 5 percent on certain purchases. (Charging pays more than saving!)
Things are upside down. The examples I have given are just forthe American public to start thinking about. I have been told of people missing one credit card payment and their interest rate going up to 29.9 percent! And then have heard payment rates being as high as over 30 percent!
Why are banks regulated by the Fed to keep rates so low, causing customers who support the banks to get royally ripped off (to put it nicely, but you know what I mean) and then Congress allowing banks to charge these outrageous usury rates to people, using our money?
Now banks want you to put money at risk and charge you a fee when that is not the intent of most of their customers. “Certain” moneys need to not be at risk and that is what banks were intended to protect. Because of their incompetence (and greed) “they” are trying to change the real purpose for their being.
If banks cannot figure out how to make a bigger profit with our money, not rip people off on both ends – 1) the ones who are saving and being offered ridiculously low rates, the lowest ever, and then 2) ripping off the public who can least afford it, with these usury rates (up to 30 percent) – we need more competent bankers and laws need to be changed! Fair laws would be a start.
We the people are allowing this! I want a revolution in banking to benefit the people! And better bankers!
Kay Vota, ST
Copper came to the rescue during storm
Re: “I’m a FiOS convert (because there’s no choice), letter, T&V, Mar. 21
I write in support of Jane Roeder’s recent letter to the Editor in T&V regarding Verizon’s apparent intention to force conversion to FiOS for those of us who have telephones with copper wiring.
During Hurricane Sandy, several residents in my building came to my apartment to use my phone to call worried parents and children. I offered my phone to anyone who needed it. A woman from a neighboring building was outdoors desperately trying to connect via cell phone to a company regarding delivery of oxygen for her seriously ailing mother. She came to my apartment and successfully made the call.
During the next power outage (and who thinks there won’t be another one?) it appears we will be completely disconnected from the outside world after the 8-hour battery backup period.
Further, part of the conversion includes installation of metal boxes in the dining area (not in closets), one connected to the electrical outlet, and these ugly boxes, which I have seen, will stick out from our walls.
I hope our local officials, to whom I am copying this letter, will take note of this very serious matter and contact Verizon on our behalf. I have not been notified yet, but apparently Verizon will terminate service of any tenants who refuse to convert to FiOS.
Carol Irelan, ST
‘Anti-American’ inquiry is awfully familiar
Rep. Michelle Bachmann (R-MI) has requested an investigation of all persons on the Congress to see if they are anti-American. (Fmr.) Rep. Alan West (R-FL) said that in the Senate and House there are 76 or 78 communists. Sen. Ted Cruz (R-TX) said that Harvard Law School (where he attended) has 12 professors on the faculty who are communists and want to overthrow the government of the U. S.
I am especially impressed by the latter two because they give an actual number – however, not accompanied by any names.
The electorate in this country is, in the main, ignorant and doesn’t know history. Most don’t know much about the malevolent senator – Joseph McCarthy. He became prominent for saying things like… “In my jacket, I have a paper with the names of 78 members of the State Department who are card-carrying members of ‘the party’ or fellow traveled.’” The number would sometimes change to 81 or 67 or… but he never revealed the names.
He was censured by the Senate after he went after the Army. An alcoholic, he died a short time after leaving the Senate in shame.
I would posit that I do know three members who are or were in the Congress who anti-American: Bachmann, West and Cruz. Incidentally, “cruz” means “cross” in Spanish and refers to Christianity. All boldly proclaim their faith – but, is it Christ-like behavior or just plain sinful ways to obtain attention and get in the media?
David Chowes, PCV