Stop Feeding the Loan Sharks
by Jim Sollisch
5 May 09 | CSM
Credit-card companies take unfair advantage of us. Let’s revolt.
Workers at the largest financial institutions are on pace to earn as much money this year as they did before the economic collapse, according to a recent article in The New York Times. Goldman Sachs just set aside $4.7 billion for bonuses and compensation in the first quarter. And traders and investment bankers at JP Morgan Chase are projected to earn an average of over $500,000 this year….
So I’m introducing a plan that can take effect as soon as your next billing cycle. Let’s stop paying our bills. Millions of us all at once can tell our unscrupulous credit-card lenders that we won’t pay them another cent until they make the terms more reasonable. There’s no regulation that says they have to wait until the law passes. >>>