I had a credit card through them and a while back when they first got into trouble my interest rate and that of all the people I knew was jacked way up to try and let them cover there ass. Well like many people I cancelled my card and looky looky same year they try and F over there customers they go belly up.
I have a card through them because it gives me free access to my FICO score, which is nice. I have a balance on it from when I was stupid with cards, but I haven't actually used it in months.
The DOW dropped almost 800 points when the vote on the bailout failed - it is good to see that someone on Capital Hill still has some intelligence. There is no way taxpayers should be bailing out these banks - or paying for Detroit to catch up to European and Japanese competitors.
And I don't think this is the last of the bank failures either - it will be interesting to see what happens as this unfolds.
hell yea all these financial institutions fail then want hand outs WTF these corprate fools who run em have billions in assets but you dont see them offering a penny...all these fools should be shot....fuck em all....i wish wallmart and all the big junk stores would go bankrupt too ....fuck em all
They were warned in the Spring that they were on a slippery slope, and they said they were going to be fine. They were hiding a lot of their problems, and when all the hitters starting pulling their money out, the feds shut them down. From what I heard, they only had FDIC insurance up to $100k, so if you had a couple Million with them...../wrists.
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Biggest bank failure in U.S. history
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