Comments on: Occupier On Banks, No Confidence In System

By: Dorothy

Dorothy — Fri, 16 Dec 2011 13:45:54 +0000

Due to corporate “downsizing” (job elimination), my company is no longer paying for the car they “required” me to purchase. I approached my lender and asked to refinance the loan for a longer term. This institution holds more than 2x the amount of the auto loan in a CASH account and I have a very high credit score. The bank will not refi the loan because of my joblessness of one month. I just realized this morning that all my major credit cards (frequent flier, dept store, bank cards, etc) are with that bank. They are offering me over $120k in credit & cash lines, I have $40k cash in their bank and they won’t refi a $15k auto loan, for which I have never been late? So ridiculous!!! I called my local credit union, and they are happy to refi (as long as I maintain an account of the value of the refi) with an interest rate of 2.51% – 50% lower than the banks best rate. Plus, the Credit Union told me on the phone that they would do this loan. I did not have to spend 2 hours sitting in a bank waiting for them to say no. I am not going to use those credit cards anymore and I am moving my money today. We are responsible in part for our demise for buying things we didn’t have the cash for and allowing the bank to give us credit. The attitude of entitlement in this country needs to change and EVERYONE needs to start taking responsibility for their actions and think about what they are REALLY saying and doing.

By: Lawrence Johnson

Lawrence Johnson — Mon, 07 Nov 2011 13:18:42 +0000

Werner,
Standing around city hall and not showering is there way of bringing attention to what they stand for. All the press and blogging, proves that it works. It’s up to people like you to press further, like you have done with this blog. Just because it’s not a standard policy change doesn’t mean it’s not effective.
Vote Lawrence Johnson Nov 8

By: Werner

Werner — Thu, 03 Nov 2011 02:30:48 +0000

It seems most of the occupiers are interested in waging class warfare and supporting income redistribution.

But I have never heard a simple solution for all the “occupiers” out there on how they can each make a difference. Look in your wallet and look at all the various credit and debit cards you hold. Every time you use those credit cards the business that you spend it in pays fees to banks usually in the 2% to 3% range for each transaction.

That means that every transaction you make here in little old Idaho is “taxed” by some large recently bailed out bank in New York. The banks have duped the public into this “travel rewards” shell game that basically gives card users .5% toward travel or other benefits while charging businesses 2-3% on each transaction. In the end it basically just makes everything more expensive and lines the pockets of bankers.

Cut up your credit cards! Spend cash instead. Don’t invest in stocks of companies you don’t share common beliefs in. Buy local! These are things that will affect the status quo and change the way Wall Street does business.

Standing around city hall and not showering achieves nothing. Instead come up with some ideas and start implementing them.

By: Chris

Chris — Wed, 02 Nov 2011 02:37:55 +0000

A small but good start.

http://www.bbc.co.uk/news/world-us-canada-15548225

By: Zippo

Zippo — Wed, 02 Nov 2011 01:27:39 +0000

As for the “occupier” movement. It has a strange way of being of political origin with democrat themes and now that more real people are getting involved it’s shifting to be a grubby-smelly version of the TEA party? It’s been kind of fun to watch the (D) political establishment try to figure out how to keep the cat under control after letting it out of the bag a few weeks ago.

By: Zippo

Zippo — Wed, 02 Nov 2011 01:19:21 +0000

Why we must stay vigilant and fight government expansion of scope into the private sector business. They will literally tax us into oblivion while giving the money to their “friends” for the good of the many. These are three stories from just today, but it happens day after day, and it is what a special taxing district is for. It takes from a sector that is doing ok and gives to one that needs to be allowed to fail.

http://www.startribune.com/business/132990503.html

http://www.foxnews.com/politics/2011/11/01/republican-senator-calls-on-obama-to-cancel-fannie-mae-freddie-mac-bonuses/

http://www.foxnews.com/politics/2011/11/01/jobs-panel-member-whose-solar-firm-won-2b-loan-raises-conflict-interest/