Bank Bailout

"I am furious about the continuous and covert robbery of the American worker by the banks. I worked in the debt negotiation industry for a few years and daily heard the heart-rending stories of people who had used credit cards but then fell on hard times. The hard times we were able to use as acceptable negotiating tools to reduce credit card debt was loss of job, divorce, serious illness.

"Folks had to stop paying on the debt to get the credit card companies to agree to settlements. Most were terrified of ruining their credit ratings and were so brainwashed on this point that they did not realize that they had no credit, could not borrow another dime and would spend the next 30 years paying back the card companies 5x what their purchases actually cost to satisfy the penalties imposed."