cleancut77 wrote, "I remember going through a tough time I missed some payments on my credit cards. I was willing to pay but could only muster up the minimum...The debt was not going down much. I called Citibank...I was told nothing could be done... They should face the same bitter pill they dished out to millions of American consumers looking for a break on onerous rates..."
Of course, Citi's bailout comes on the heels of announcements by Citi it will hike credit card interest rates on a large segment of their customer base ("to offset a $1.4 billion third-quarter loss for its credit card unit").
I wonder why government is less willing to protect the lives of the unborn. they really deserve a bailout
After $300,000,000,000.00 foisted onto the taxpayer,
1) the CEO should have the good sense to resign
2) the BOD should have the good sense to fire him
3) the Govt. should have a requirement that he be fired
4) Prosecutors ought to look carefully for charges against him, and
5) Shareholders should sue the company
Is any executive going to lose their job over a few hundred billion? If not, why not?
That's my tax dollars at work there BTW.
The first "term" is that they must rationalize their credit card rates ~
The second "term" is that they must fire 3/4 of their executives and not replace them.
“I called Citibank...I was told nothing could be done...”
If I were President, I would hire that guy (above) and tell him to call the Citigroup CEO and repeat those words; so help me God.
My wife has a citibank card and they already raised the rates. Just found out her job is in trouble. If she gets laid off, CitCard is the first one I stop paying. Hell they already are getting me with this deal.