Debtors Revolt
The Debtors Revolt started with just a simple video Ann Minch uploaded complaining about Bank of America raising her interest rate on her credit card to 30% for no reason.
This year banks are expected to make more than $38 billion in overdraft fees alone, up from $18 billion in 1999.
They got billions in bailout funds and are now raising rates and fees on those very same taxpayers.
"Banks are doing whatever they can to squeeze the last dollar out of consumers," said Ed Mierzwinski of the U.S. Public Interest Research Group.
While this has helped Ann , it will probably not help any others unless we take the same action as she did. It is time that the people stood up to the banks,credit cards and utility companies.
They have had free reign too long, and are making it hard on the American people.
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Monday, September 28, 2009
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