i extend a long finger

[skunk237]

J P Morgan Chase can go fuck off right now. it seems that they, along with almost all large banking "entities", got themselves into financial trouble recently. but hey, it's not my fault they lost untold billions, right? i've been consistantly paying my debt with them at, or slightly above, the minimum payment... at a low interest rate that they

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[skunk237]

were you, your vendors or the farmers involved in credit default swaps, securitizing mortgages, and other financial gambling disasters that brought on this economic mess in the first place?

i'm surprised you seem to believe that what the banks are doing is just part of doing business in tough economic times. the problem i have with big banks is that they were involved in these risky financial ventures, and lost. because of this, they are responsible, to a very large degree, for why businesses (and consumers) are having problems right now. this is why i give them the finger and not the farmer, nor you, nor your vendors. just the big banks and the mortgage lendors.

i'm glad things are working out for you and your credit card situation, and that you're being treated well by JPMC/WaMu. and you're right, in that i might be in a better situation if i just complained loudly enough to the right people. but for many people who're like me (those who try to avoid direct conflict), complaining to the right people is a last resort, and for some, it can be downright impossible to muster the courage.

[clammm]

I'm not condoning what the banks are doing. I know big business is fucking up/has fucked up. However, there are people who don't know how to keep track of their finances, nor do they care. They just take the free money without considering possible ramifications. Yes, the banks were salespeople. But people have to be responsible consumers, as well.

I seriously believe people should be required to take finance classes in high school or college.

i'm surprised you seem to believe that what the banks are doing is just part of doing business in tough economic times
I didn't say that, nor do I believe that. I just said I'm not surprised at what they are doing. Therefore, I keep my eyes open, watch my credit card and loan accounts carefully, and speak up when i need to. I have to protect myself, and that's what it boils down to. If you are PREPARED, then you can deal. If this banking fuck up comes as a shock, then what the fuck are you doing with debt?

I'm hoping this is a wake up call for the millions who were sucked in.

And honestly, without the banks, I (and millions of other entrepeneurs) would not have a buisness.

Yes, they fucked up. But we need to take responsibility for our actions, as well. And if you are unhappy with your APR, then make a call. If you don't, then send a letter. Or an email. There are other options.

[skunk237]

very true. i especially agree with the requirement of financial/budgeting classes. that definitely would've helped me get a better understanding of what i was getting into when i was younger and got my first piece of plastic.

I didn't say that, nor do I believe that.
my apologies.