Fun with the same tired old Status Quo!!


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Message 943607 - Posted: 29 Oct 2009, 14:03:57 UTC - in response to Message 943558.

orange county california?? OMG my uncle lives there. he says being liberal there is like being the only gay eskimo in... anyhoo. credit card rates are insane when you consider what the Fed's base loan rate is(virtually nothing) and the card companies turn around and hit you with 20+% interest rates on top of the mystery fees and any fees they decide they want to hit you with at any given time. I remember when a bank savings account got you 5% annual interest. Now you'll be lucky to get 0.25% Why's this? probably greed again.
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Message 943618 - Posted: 29 Oct 2009, 15:18:08 UTC - in response to Message 943607.

I think the low interest rates on savings can be blamed on the Federal government. If banks couldn't get money so cheap from the federal government, they would have to offer the public better interest rates. On the other hand, I pay 0% interest on credit cards because I don't like to run a balance. However, a credit card in today's society is something you almost can't live without because it's the best way to start building a credit history. The banks have you over a barrel if they start charging membership fees, you have to give up the card if you don't want to pay them.
Orange county is not that conservative, here is the proof. On the other hand, if you don't like it, you can move a few miles north to LA county and you will be in a different world.

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Message 943637 - Posted: 29 Oct 2009, 17:07:41 UTC - in response to Message 943607.

orange county california?? OMG my uncle lives there. he says being liberal there is like being the only gay eskimo in... anyhoo. credit card rates are insane when you consider what the Fed's base loan rate is(virtually nothing) and the card companies turn around and hit you with 20+% interest rates on top of the mystery fees and any fees they decide they want to hit you with at any given time. I remember when a bank savings account got you 5% annual interest. Now you'll be lucky to get 0.25% Why's this? probably greed again.

Greed and the expectation of greed. Remember to be an ordinary company on Wall Street you must grow your revenue by 10% every reporting period. If you don't your stock price tanks. The CEO is paid in stock not cash so he doesn't have to pay the IRS. The new tough regulations force the bank to write off credit card debit to zero unless the card owner maintains an 849 or better FICO score which they now have to check monthly. Does wonders for the bottom line. Add in the fact that banks now play the stock market and you will see that it is all a house of cards. The big banks are going to collapse just like the investment banks did and for the very same reason. The we must make 10% more than last period, send out those loans no matter their qualifications. Boss we had to write off all those loans, what shall we do? We have a few customers left right? Stick them with every fee you can dream up!

Advice. If you got one of those FU letters, walk into your local credit union and move all your accounts. When it is finished, if you feel so inclined write the CEO of big bank and tell him to stick it where the sun don't shine.

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Message 943644 - Posted: 29 Oct 2009, 18:02:44 UTC - in response to Message 943637.

The Federal Reserve numbers on the Discount Rate (overnight bank loan rates) can be found here . Banks pay customers less than this rate because they have to service the account where as an overnight loan is just one transaction that can be taken care of by one or two people in a short period of time. If you look in the early 80's when interest rates were so high, you will find it was worth it for the banks to pay 5% because they had to pay far more to the Federal Reserve for overnight money, You can get more interest for your money if you can tie up over $10,000 in a long term CD, but most people don't have that much money laying around. For the average person, Credit Unions are a good option but they have the disadvantage that sometimes you are unable to do some of the electronic transfers or you are unable to find a local office.
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Message 943648 - Posted: 29 Oct 2009, 18:27:14 UTC - in response to Message 943644.

the whole Idea of credit unions is that they are local. Yes they are a bit more simplistic than a bank but they are keeping your money local so it benefits the people it serves not some CEO in an Ivory tower in Manhattan
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Message 943654 - Posted: 29 Oct 2009, 19:04:40 UTC - in response to Message 943648.

I don't object to the idea of credit unions and would love to go to one, but they are not very local to me and I travel to locations where my credit union has no coverage. I am paying extra at the bank because they offer a few services I am unable to get elsewhere. Also, Wells Fargo is not located in Manhattan but they did make some of the mistakes that they did in Manhattan but not all of them. I also agree that they are just as greedy as the ones located in Manhattan. As good as my credit rating is, they bumped the interest rates on my credit card. What's funny about this is a few years ago I ask them to lower the interest rate, rase the limit and drop the service fee. They did all three in a 5 minute phone call with no questions ask. Since then, I payed off the house loan to them and have put away more savings and now they want to charge me more interest if I run a balance. That's why I don't intend to let them see a penny of interest.
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Message 943663 - Posted: 29 Oct 2009, 19:46:05 UTC - in response to Message 943654.

My CU has visa debit cards so locations dont matter
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Message 943668 - Posted: 29 Oct 2009, 20:00:27 UTC - in response to Message 943654.

I don't object to the idea of credit unions and would love to go to one, but they are not very local to me and I travel to locations where my credit union has no coverage. I am paying extra at the bank because they offer a few services I am unable to get elsewhere. Also, Wells Fargo is not located in Manhattan but they did make some of the mistakes that they did in Manhattan but not all of them. I also agree that they are just as greedy as the ones located in Manhattan. As good as my credit rating is, they bumped the interest rates on my credit card. What's funny about this is a few years ago I ask them to lower the interest rate, rase the limit and drop the service fee. They did all three in a 5 minute phone call with no questions ask. Since then, I payed off the house loan to them and have put away more savings and now they want to charge me more interest if I run a balance. That's why I don't intend to let them see a penny of interest.

Locations? You realize that the only ATM's without fees are at credit unions. It doesn't have to be your home one. As to deposits, that is what direct deposit is for. As to the rest, try internet banking. These days you can transfer between banks, not just accounts.

As to services, yes, you may need one of the high fee banks for a business/merchant account.

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Message 943677 - Posted: 29 Oct 2009, 20:45:25 UTC - in response to Message 943668.

I go to places where the internet is not available. My roommate's credit union will not take a transfer from a bank. The credit union I can join put it's nearest ATM machine 5 miles away from me where as my bank is within walking distance. The nearest credit unit branch is close to 10 miles away. I am sure credit unions are a good thing for many people, but they just don't work well for me. About the only thing I am forgoing by using a bank is that my interest rates are low. For me the solution is when I start getting to much money in the bank, I will move it to a place where the interest rates are better.
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Message 943678 - Posted: 29 Oct 2009, 20:50:21 UTC - in response to Message 943677.

I tr to never use atm's I purchase a small item at a store and get cash back. The CU doesnt chanrge extra for it and I get my money.

BTW ATM fees piss me off. charging between $1 and $3 for access to my own money when the act of using the atm is nothing more than a 10 cent electronic call from one computer to another.
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Message 943683 - Posted: 29 Oct 2009, 21:01:58 UTC

I only use the bank ATM machines and pay for small items with cash. Large items can be cash, credit card or check but I never use my ATM card for purchases. I tend to have $200 to $400 in cash on hand so I don't have to make mad dashes for a ATM machine. Banks don't earn service fees off me. If it looks like they will, I find a way to avoid them.
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Message 943689 - Posted: 29 Oct 2009, 21:32:53 UTC - in response to Message 943683.

200-400 huh you wouldnt happen to have your daily routes written down with all the areas that are free of cameras... ummm never mind : )
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Message 943696 - Posted: 29 Oct 2009, 21:59:52 UTC - in response to Message 943689.

I run around with a crowd that would shoot you if you tried and would have the guns to do it with. I don't recommend you try it. On the other hand, I don't always have it on me. While I don't want to lose it and I never have, it is the amount I could lose and not feel to bad about it. It is also what I feel would get me out of most jams without using plastic or checks. Yes, I have seen times when the network was down and you couldn't use plastic. That said, I only hit the ATM machine once every 3 or 4 months. I told you that I live like I am poor.
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Message 943770 - Posted: 30 Oct 2009, 1:51:33 UTC - in response to Message 943677.

I go to places where the internet is not available. My roommate's credit union will not take a transfer from a bank. The credit union I can join put it's nearest ATM machine 5 miles away from me where as my bank is within walking distance. The nearest credit unit branch is close to 10 miles away. I am sure credit unions are a good thing for many people, but they just don't work well for me. About the only thing I am forgoing by using a bank is that my interest rates are low. For me the solution is when I start getting to much money in the bank, I will move it to a place where the interest rates are better.

They may not be the only place in town.
http://www.creditunion.coop/cu_locator/quickfind.php

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Message 943887 - Posted: 30 Oct 2009, 17:21:09 UTC
Last modified: 30 Oct 2009, 17:23:08 UTC



"It's not free. ... Someone's going to have to pay for it and you bet it's going to be the taxpayer." --Sen. Joe Lieberman (I-CT) on the "public option"

House Speaker Nancy Pelosi (D-CA) unveiled an $894 billion health care takeover bill Thursday; the Congressional Budget Office puts the cost at $1.055 trillion. The bill, a combination of three separate committee bills, should be light reading for our nation's lawmakers, though -- it weighs in at a scant 1,990 pounds, er, pages.

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Message 943906 - Posted: 30 Oct 2009, 18:48:01 UTC - in response to Message 943887.

when I calculated this out I found that the cost is abot $3000 a year which currently I pay 1/3 or so and the business I work for pays teh remainder. So basically I would have the same insurance as I had before. I want everyone to have at least what I have so lets do this. screw the numbers. We've thrown ourselves into Iraq without taking into account nor caring about the cost. It's about time we did something to level the playing field with the rest of the world on healthcare. American companies need this. We Need this.
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Message 943908 - Posted: 30 Oct 2009, 18:55:54 UTC - in response to Message 943906.

when I calculated this out I found that the cost is abot $3000 a year which currently I pay 1/3 or so and the business I work for pays teh remainder. So basically I would have the same insurance as I had before. I want everyone to have at least what I have so lets do this. screw the numbers. We've thrown ourselves into Iraq without taking into account nor caring about the cost. It's about time we did something to level the playing field with the rest of the world on healthcare. American companies need this. We Need this.


We need this bill because we went into Iraq?

American companies will be forced to provide insurance or pay a fine, explain how that will make them more competitive with countries like Mexico or China.


"It's not free. ... Someone's going to have to pay for it and you bet it's going to be the taxpayer." --Sen. Joe Lieberman (I-CT) on the "public option"

House Speaker Nancy Pelosi (D-CA) unveiled an $894 billion health care takeover bill Thursday; the Congressional Budget Office puts the cost at $1.055 trillion. The bill, a combination of three separate committee bills, should be light reading for our nation's lawmakers, though -- it weighs in at a scant 1,990 pounds, er, pages.

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Message 944204 - Posted: 31 Oct 2009, 15:48:59 UTC

There is a big difference between doing something and doing the right thing. Yes we do need to fix healthcare but how about undoing the mistakes of the past first instead of throwing a large amount of money at something thats broke already. Throwing money and a problem tends to be a very costly way to fix a problem and it's not government money, it's your money. If correctly done, health care cost could be cut in half without changing the level of care you receive or cutting doctors pay. That alone could reduce the number of uninsured making the problem much easer to deal with.
Some states have already done Tort reform and have seen a large reduction in the cost of healthcare. Other changes need to be done on a federal level because they deal with things like selling insurance across state lines.
The current healthcare bill is nothing but payback for electing the democrats to office and in the long run will punish the haves to benefit the have nots. You will need to figure out where you belong, but the haves will end up including the middle class which is most of the population. Forget about this soak the rich stuff because it never works unless you impose communism. To make the jobs that employ people, you must have the rich to provide money. Take away their money and you take away your own job.
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Message 946984 - Posted: 13 Nov 2009, 18:30:30 UTC
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Where is the constitutional authority for a federal mandate that individuals must buy health insurance?

Sen. Ben Nelson, a Democrat in red-state Nebraska, pleaded the Fifth: "Well, you know, uh, uh, I don't know that I'm a constitutional scholar, so, I, I'm not going to be able to answer that question."

Sen. Daniel Akaka (D-HI) likewise dodged the question, saying, "I'm not aware of [any constitutional authority], let me put it that way. But what we're trying to do is to provide for people who have needs and that's where the accessibility comes in, and one of the goals that we're trying to present here is to make it accessible." Right. "Provide" for them by mandating they do something under penalty of massive fines and/or imprisonment -- that's leftist "compassion" for you.

Sen. Mark Warner (D-VA) answered, "The United States Congress passed laws regarding Medicare and Medicaid that became de facto mandatory programs. States all the time require people to have driver's licenses. I think that this is a bit of a spurious argument that's being made by some folks." Uh, states require licenses only for the privilege of driving.

Sen. Jack Reed (D-RI), a member of the Health, Education, Labor and Pensions Committee -- one of two committees that wrote and approved health care legislation -- pointed to precedent as justification: "Let me see. I would have to check the specific sections, so I'll have to get back to you on the specific section, but it is not unusual that the Congress has required individuals to do things, like sign up for the draft, uh, uh, and do many other things too, which I don't think are explicitly contained [in the Constitution]. It gives Congress a right to raise an army, but it doesn't say you can take people and draft them, uh, but since that was something necessary for the functioning of the government over the past several years, the practice on the books, it's been recognized, the authority to do that." So because Congress has acted unconstitutionally before, they can do it again now? Our guess is he understands health care about as well as he comprehends the Constitution.

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Message 947167 - Posted: 14 Nov 2009, 13:56:16 UTC - in response to Message 946984.

as stated before ITS NOT UNCONSTITUTIONAL. just becasue you say it doesnt make it so. just keep calling the sky red and we'll know how well you comprehend whats being done
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