The Politics of Jamie Sanderson Headline Animator

Thursday, September 29, 2011

Republicans Silent on Bank Of America's Pillaging

Bank of America robbed Americans when they received TARP funds. Their heavy donations to Republicans throughout elections supposedly justified the means. However, enough is enough.

And people are now posed with a question: How much will you take?

Recently, BoA announced they were doing away with 30,000 jobs. That's right... $30,000 jobs. So much for the rich creating them - with low corporate taxes, mind you.

The excuse? Cost cutting.

Now, BoA wants to charge fees for the debit cards.  Instead of really cutting costs by eliminating their huge - and costly - influence in elections, they'd rather go after the customer. Along with other banks doing the same, you'd think these so-called teabaggers would be fed up already with fees, right?

Wrong.

No prominent Republican here in S.C. cares about you. Tim Scott? Hell no. Just look at this example.

H.R. 336

H.R. 336 is a bill that responds to incidents of financial corporations raising interest rates as many as 30 percentage points on credit card users, even when those holding credit cards keep up with their payments and aren't late sending in their checks. If passed into law, the bill would cap annual interest rates for credit cards and other lines of credit in America to 15%, inclusive of fees. Also known as the Interest Rate Reduction Act, this bill would preserve the ability of credit card corporations to make a profit while protecting Americans from usurious financial exploitation.

Rep. Scott has failed to cosponsor H.R. 336. After you read the bill, call Rep. Scott's office at 843-852-2222 and ask him to support it by adding his cosponsorship.

Scott is too busy accepting donations from banks like Bank of America to care about you getting charged a fee for keeping your own money in a bank, especially one that had to borrow your money to keep afloat all the while paying bonuses to CEOs.

Get it yet?

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