I haven't been screaming for folks to call/email/write your congress people recently. Because, there haven't been many points where we could make much difference- or any. The great financial debacle is mostly beyond our control.
But. Once again, I'm seriously ticked off- and just sent my congress-people this:
Here is yet another financial crisis issue that needs the IMMEDIATE attention of the US Congress.
Banks Cutting Credit Across The Board
Essentially, the very banks now being bailed out by the taxpayers, are daily responding by cutting credit to all their customers- including those with completely spotless records. They are raising interest rates, and canceling "inactive" accounts- ie. those the customer actually pays off, every month.
Blatantly- they are doing this with no concern whatsoever for the common good. The rescue was sold to us- we who are paying for it- as a way to stimulate the economy.
The US Congress needs to once again call these CEOs on the carpet- and, now that we are stockholders- FIRE THEM. Now.
And replace them with executives who actually give a damn about the United States, and those who live here.
More boiling anger folks- coming very fast-
Please feel free to copy that, and send it on. The whole URL for that NYT article is
Here is another, from my neck of the woods, with personal stories: Banks pull squeeze play on credit cards.
Sigh. I know. It may not make a lot of difference in the long run. But I have a lot of small business friends, who use their totally solid credit to manage their business flow. Buy inventory, pay it off next month. Easy with a good credit card- very hard without. At least, if reasonable credit was maintained for reasonable customers- they could last longer. For many, this kind of credit cut- and raise in interest rates- means instant ruin. What a nice idea.
Who ARE these scumbags, and why do we tolerate them?
We - all of us- are now stockholders in those companies.
Let's scream their house down. Fast- to keep more people from going under, just because these scumbags are finally afraid of what they've done.
Let me know what you do! You know- I'm more than half convinced, even now, that our early screams here about food speculation did make some difference- and at the very least, got the subject up into the headlines.