CHESSNOID

DEBTORS REVOLT BEGINS NOW!

I think this is a good video on how the average consumer feels about the banks and credit card companies.  I saw this on CNN and after this video went viral, the banks reinstated her lower rate after previously refusing to do so.

Most Americans know that these banks received 0% taxpayer funded loans from the Obama administration, and then turned around to loan us our own money at 30% or more.  That is not only crazy interest rates but almost a ridiculous scam with our taxpayer money.  We loan it to them for 0% so they can loan it back to us for 30%!!

Personally, I am surprised they just didn’t cancel her credit card and eliminate her credit line after getting all this attention.

CNN.Money:

She says she tried to negotiate with Bank of America, where she has been a customer for 14 years, “but they weren’t willing to negotiate anything.”

“I could get a better rate from a loan shark,” she adds.

Betty Riess, the Bank of America spokeswoman, said customers receive advance notice of rate hikes and can choose to pay off their balance at the current rate to close out the account.

True to her YouTube handle, Rockerchic4God, Minch sports fiery red hair and kohl-rimmed eyes that glare into the camera for the duration of the 4-1/2 minute video.

“You have reaped ungodly profits in your behemoth casino scams, then lost, only to turn around and usurp the wealth of this great nation by the outright rape and pillage of middle-class Americans whose sweat and toil built it,” she says.

Calling the bailout “the biggest rip off in the history of the world,” Minch lays out her terms: If Bank of America refuses to reinstate her previous, lower interest rate and monthly payments, she won’t pay “one more red cent on your 30%.”

Minch tells her viewers that she is “willing to sacrifice [my credit score] in order to take a stand for what’s right,” and she calls on them to join her in an “American debtors’ revolution.”

“Stick that in your bailout pipe and smoke it,” she says, smirking.

So I guess you need to make a video to get the banks to play ball.  Anyways, congrats to this lady in taking a stand. From Rockerchic4God youtube site:

Message to Bank of America: I’ve decided to it’s time to take a stand against the banksters’ usury and greed! If our founding fathers were willing to sacrifice their LIVES for our FREEDOM, then I can certainly sacrifice my credit score and be willing to be sued. I’m staging a DEBTOR’S REVOLT!