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The government bailed out these big financial companies with American taxpayer’s money, and now, instead of extending loans to customers, they are instead cutting people’s credit limits down to their balances, doubling and tripling their interest, and closing their accounts, even when they are in good standing and have never been late on a payment. They probably can’t afford to provide service to their customers in part due to massive executive bonuses. The bailout should have been more specific about how the money was to be spent. The reason it wasn’t, I’m sure, is that the right people got paid off. It’s not a problem caused by just Democrats or just Republicans; it’s symptomatic of corporate influence over our elected officials through lobbying and other means.
YouTube – CitiCorp Bailout and Customer Service
