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Through lavender fields
  
smoke & mirrors
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Why credit lenders want this bail-out Oct 2, 2008 2:27 pm
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If I go to the store and pay $100 cash for a dress. The store makes money off me and I have a dress to wear. Decades ago, this is how we shopped. Or we could put the dress on lay-a-way and make payments and take the dress home when it was paid for.

Credit card companies have inserted themselves into the formula. Instead of paying cash for the dress, we can charge it and pay it off in installments. The store can charge us more money for the dress, because we don't need to have the money in our pocket to pay for it. (In fact the store has to pay the credit card company fees for each charge sale and stores must pass that cost on to ALL of us, whether we use credit or not). Credit card companies can charge us interest and penalties on our dress if we don't pay it off in 30 days. We can end up spending many times more than the original cost of the dress.

So who is the government helping out? Us? No. The credit card companies--who are stinking wealthy. In addition, if you call a credit card company about your bill, chances are you are speaking to someone in India. We citizens of America are not worthy of employment by the credit card companies. They want to save money and not pay workers comp, or a decent salary to us.

Do you really want to bail out these leaches?

People and companies who cannot operate without credit often fail. Credit is a big hole that we dig ourselves into and sometimes cannot get out. The only people who should use credit are the ones who don't really need it. The ones who can pay it off monthly and live without it. Credit is a monster if you cannot pay it off quickly.
Credit card companies need to be bailed out so they can make money off us US!!! They have mismanaged, overshot the mark, gouged us too much, and now we're going to make them well again so they can insert themselves into our purchases???? Crazy.
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