Posted on 01/06/2013 4:41:02 AM PST by SMGFan
In recent months, a slew of celebrity-endorsed prepaid cards have been introduced to the market. From Magic Johnson and Suze Orman to Russell Simmons, it seems everyone wants to offer the public a checking account and debit card rolled into one.
Teen star Justin Bieber is the latest celebrity to jump on the prepaid bandwagon. But unlike most cards previously produced, his card is reportedly geared toward teenagers. With many prepaid cards catching a lot of flak from financial experts for having high fees, will his card be viewed as one that actually benefits its audience?
Cited from: http://www.gobankingrates.com/checking-account/justin-bieber-fee-ridden-prepaid-debit-card-targets-teens/#ixzz2HCLCJ988
(Excerpt) Read more at gobankingrates.com ...
He is an alledged pot smoker. Great spokesman!
Kim Kardashian etc fended off credit card firm's lawsuit in 2011 after they stopped being their spokesman .
I don’t care about the spokesman. I’m more concerned with the lessons we’re teaching about debt and reliance on credit.
I don’t care about the spokesman. I’m more concerned with the lessons we’re teaching about debt and reliance on credit
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I ‘love’ the ads on the idiot box...
NEVER AGAIN PAY AN OVER DRAFT FEE. (screamed out)
This card ensures it etc....without ‘telling’ anyone if you have a 150 credit and your bill is 150.01 it gets rejected.
Definitely better than the vultures that would ‘allow’ it to go thru then charge 35 or so bucks for the ‘act of kindness’ in covering the penny.
I know, 150 means 150, just making a point...
Kids a ltle creep and as a performer, IMHO, he stinks. And he bears some responsibility in the death of that photographer. They should take away his license, impound his car........for a couple of years.
America’s addiction to magic money is killing us. I realize a debit card isn’t quite the same as a credit car but its close enough. Kind of like a gateway drug.
And we wonder why spending is out of control in America.
The affect of moral relativism.. having association with celebrity overrides getting ripped off.
WHAT? Beiber wasn’t even in the car - someone else was using it. The death of the photog is no one’s fault except for the photog.
How does he bear responsibility for what some stalkarazzi does?
My son is taking the required course in school next term about managing home finances. I can’t wait to see how they position debt. (and I can’t wait to show him a mortgage amortization table!)
I would take Silent Cal’s advice over Justin Beiber anyday.
Its easy to understand why Coolidge was Reagan’s favorite.
An entertainment industry that dumbs down Americans and helps those who encourage frivolous spending and more debt represent an immense asset to creating critical thinkers and a culture of responsibility ( sarcasm intended).
Interesting link to that first Presidential movie of a speech.
The creation of the Federal Reserve, the income tax, a culture of debt, and Hollywood propaganda machine has made America what it is today.
Excellent post. The self-interested entertainment industry, the corrupt “educational” establishment and the mendacious main stream media are largely responsible for dumbing down the country. The result is a naive and gullible population. Critical thinking is discouraged in Amerika.
The creation of the Federal Reserve
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Are you suggesting that you can’t print your way to prosperity? /sarc
Just another sign of moral and intellectual decay. Societal Entropy.
just as if you’re standing in a bucket and trying to lift yourself up by the handle.
Without cards like these the next stop for a person who would have one is a loanshark.
Prettying up the credit card situation ala Obama and Elizabeth Warren, BECAUSE IT’S **”FAIR”** AND SHIFTS THE RESPONSIBILITY&DEBT FROM THE DEBTORS TO THOSE OF US WHO PAY OUR BILLS AND LIVE WITHIN OUR MEANS, leaves a gigantic hole in the credit-seeker’s lives- they aren’t going away, and they’ll always need the money.
It’s business, and the credit companies shouldn’t be expected to lend and lose, per government agencies like Fannie&Freddie, student loans, etc.
Common sense.
Enough of these idiots who think with their hormones.
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