Mish details how the greedhead move by Citi (and other credit card companies, see the comments to the post) in raising credit card interest rates for many to 29.99% for no reason may be due to their deteriorating financial positions rather than their usual avarice and contempt for customers.
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John Robb hopes this video goes viral, based on the comments about it at Naked Capitalism, I think it already has. Her credit is fine and she pays her credit cards on time. But BofA raised her interest rate to 30%. So “you are evil, thieving bastards” getting rich off government loans while gouging [...] |  | ||||
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