could you imagine if corrine brown was seated next to her ? Whats even funnier is when the camera is focusing on the banking ceo's they look like a deer in a headlight. People like this why abortions are legal.

Many of us took this oath, “I will support and defend the Constitution of the United States against all enemies, foreign and domestic.”

So, who do "We The People" turn to when those domestic enemies are in our own government and control the very agencies that should be investigating, prosecuting them?

Unfortunately for those of us in different states, who did not vote idiots like Waters, Frank, and Pelosi into office cannot vote them out. Yet, they will continue to pollute our wells.

Too bad we can't vote their states OUT of the Union.

By DGinGA @ 02/12/09 04:00:57 PM

You wrote: "But since you seem to be as clueless as Maxine Waters, let me enlighten you. The reason your credit card interest rate went from 6.99% to 23.99% is because of PEOPLE LIKE YOU!!! Instead of managing credit responsibly and paying off your card every month, you not only carried balances over (and it sounds like they were almost PERMANENT balances) but when the interest rate went up you stopped paying entirely."

People that carry a balance pay interest which keeps CC companies in business and thousands of people employed.

You wrote: "And what were you thinking trying to run your business using a CREDIT CARD as your source of capital?"

It's a business credit card. It was marketed as the only source of capital you will need with great interest rates. I did use it for dental and doctor bills too, 60% of the balance.

You wrote: "So now it sounds like you're totally out of the game, because instead of doing the mature thing, which would be shopping around for a card at a more reasonable rate, you decided to "stick it to the bank" by not paying your bills. Trust me, the bank doesn't care about your little act of rebellion."

The Federal Reserve Board has told credit card companies that they can no longer jack-up rates on past balances unless payments are missed. I had not missed any payments until after they jacked-up my rate. It takes effect July/2010. If it’s wrong then, it's wrong now. Run-away fuel prices killed my business. I had no income, could not transfer a balance without an income. I had got a job and was laid-off very shortly after being hired. The timing of everything made this worse. My "little act of rebellion" was necessary to let them know I'm willing to go down with the ship and can't be extorted with outrageous, unethical interest rates. It worked. They offered to settle at 55%. I was surprised and grateful.

You wrote: "But the other customers of that bank will care because now THEIR credit card interest rates will go up."

What does it matter how high interest rates go up? You and all the other mature, responsible, holier than thou Americans that pay your balances every month and never carry a balance, pay no interest. All the other American parasites that carry a balance deserve to pay higher interest rates for being so irresponsible for carrying a balance (according to your wisdom). Again, no one is holding a gun to your head to do business with a company that makes bad decisions and pass the loss to you.

You wrote: "So, tell me, did you VOTE for Maxine Waters?????"

No, I live in NC. I'm registered as Non-Affiliated which means I believe Democrats promote social-welfare and Republicans promote corporate-welfare. Both do it to buy votes and campaign contributions to stay in power.

Which party do you support?

So according to a couple of you, I'm the bad guy here. Trust me, I'm on your side. I'm screaming Fair Tax to any that will listen. I vote Libertarian and Republican (when I have no other choice and I know they're not a RINO, of course, Republican politicians have abandoned their principles as a whole). I don't live beyond my means. My truck is 14 years old, has 283,000 miles and my house is falling apart because I can't afford to fix it. I live in a house because I took in 3 abandoned dogs that would be euthanized by now if not for me. No one will rent to you with 3 dogs. I never married or had children because I never had the financial means to support them. I don’t even own a television.
Runaway fuel prices devastated my livelihood and while trying to re-group I was hit with the interest rate rise. I couldn’t find another card because my income was virtually gone. I had to let the business go and got a job only to be laid-off before benefits kicked-in. Also, I had to have some long neglected (because of high cost) dental work done or lose several teeth along with a couple of other health issues. Of course, that was paid with a credit card and it was very expensive. What would you do? And yes, I brush and floss. Sorry, I got sick.
I realize no one owes me anything and I’m not a victim, however, people need to realize when we have wild swings in the economy, run-away fuel prices, ever increasing taxes, off-the–chart healthcare cost along with importing other countries’ poverty, some honest, hard-working Americans get wiped out. It doesn’t help when you’re down that the credit card company kicks you. I guess that’s life.
Yes, I carried a balance for sometime on my card. Did I want to? No. Was I paying at least the minimum and some extra each month to chip-away the balance? Yes.
Sorry, I ruined America.

I'm not sure what could be a worse fate; having Maxine Waters as your Representative, or having to represent San Francisco.

Honest to God, this has to be a SNL skit.

For all of you that are confused...

She is an idiot wrapped in a moron!!

See, doesn't that make sense now?

Wow, that was hard to watch...

Patriot - I agree that it stinks that they can raise the rate if you're late by a day (it's happened to me too) - but you didn't have to use the card either! You got it because of the low rate. Those low rates almost always have these kinds of Gotcha's in the mice print. You didn't read the mice print. You're not paying the debt YOU ran up. You're not going to let 'the system' run you by God, you're going to run it.
What you're doing is transferring your freely-chosen-and-aquired debt to us, the folks who honor our agreements and pay our bills.
Thanks for nothing.

If you had been a regular listener to Clark Howard, you would know that if your credit card company raises your interest from 6.99 to 23.99 then you should tell them that you want to continue at the original rate on the current balance and then close the account to any further charges and then transfer it to another card. (or something like that, if I didnt get it exactly right).

This was agonizing to listen to. I was amused by the man behind her trying to stifle his laughter. And wouldn't you love to know what Barney whispered to her??
Every one of those bankers had a "what is she blathering about" look on their faces. Painful. Simply painful.
As someone said before, we are in deep doo doo people. And its going to get deeper I fear.

I like the Citi guy.

He basically sails the fact over her head that....look we were stronghanded by the Feds to make bad loans, we got fucked into having to pay the underwriting costs (by the Feds) in insuring up to $250,000 and we will recover our cost lost in the underwriting process on dipshits who carry a balance on credit.

Shockingly, it flew over her head.

I had a high school English teacher once that reminds me of Ms. Waters. One day she decided to write a letter to my parents about my "lack of respect" in the classroom. In the letter, she misspelled several words along with the numerous grammatical errors. We showed the letter to the school principle who excused me from any punishment. SCARY...

In both 2005 and 2006, the Citizens for Responsibility and Ethics in Washington named Maxine Waters one of the thirteen Most Corrupt Members of Congress for using her office to financially benefit her daughter, husband and son.

I never usually make comments to things I see on the internet. But geez louise, are you serious? She helps run our country? She makes banking decisions? Those men sitting at the table are there because they know what they are talking about, Ms. Waters clearly does not. I am going to go look out the window now.

Madame Congresswoman:

While it is true that some mistakes were made, I can not believe that you hypocrites in congress have the unmitigated gall to question our salaries. You sit there with your righteous indignation while at the same time vote yourself pay raises late in the evening when the average tax payer is not watching. You pass bills that automatically give you a pay increase each year in order to hide it from the public.

Likewise, Madame, every cent that our company makes is given to us voluntarily, unlike you criminals in Washington who seize money at the point of a gun for the sole purpose of distributing goodies to your constituents who in return put you in office each year.

The difficulty is that there are some questionable banking practices that should be addressed. But not in this forum. And not by this person. Congress should really listen to Clark Howard before they delve into anything financial.

Don't forget Cynthia McKinney! Dumb as a box of hammers, she gives maxine a run for her dumb dolla!

she's an idiot studying to be a moron...I'm sorry,I think I just insulted morons. What a useless person.

And Water's is representative of her district?? Apparently they are bumbling and uneducated. My friends, we're in deep doo-doo.

"Maxine Waters .. arguably the dumbest member of Congress... " Now that Joe Biden's VP, Maxines got the inside track to dumbest. Kerry, Reid and Pelosi will make it a horse race though.

Since when did this woman become an expert on the banking and finance industry?

I lasted 35 seconds....

a direct result of the NAACP? Nah.

Wow, she asked some good questions. It's too bad she has no idea what she's barking about. And quit with the leading, I'm-gonna-catcha-in-a-lie questions!
I love the part where she wants them to loan to small businesses and minorities, but labels them as predatory when folks can't pay 'em back. What a dufus!

Maxine Water is a foolish, old crone.

I think Mr. Lebowski said it best, in The Big Lebowski, when he asked "The Dude", "What are you blathering about?"

Not that anyone from Ms. Waters' (and that compliment is a stretch) constituent pool would ever read this, but I really hope the folks from L.A. realize what a hopeless moron this woman is.

Granted, she may be nice enough in person, but she really has absolutely no business in shaping policy for any body of persons.

It is better to be thought a fool, then to open one's mouth and remove all doubt.

How do people keep electing idiots like her and Barney "Elmer Fudd" Frank?

You can't fool all the people all the time, but you can fool enough of them to get a good job with high pay - even if you're totally unqualified to perform the work ...

Congresswoman Waters is now the poster child of what is wrong with the government. The Constitution never refers to the legislature as leaders. They were in place to see to the daily business of our republic. She and the rest of the power hungry in congress need to try to read (if they can) the Cinstitution and remember who they are. The last time I checked the government "business" isn't doing so well. All of these finger pointers like Ms. Waters and Barney Frank need to be voted out of office.

Again if more people educated themselves instead of watching mindless TV and sports all the time we would have an informed electorate and something could be done.

I am embarrassed that what is up there supposedly represents the best this country has to offer.

Congress needs to study business for a while before accusing these CEO's of practices that are not backed up by proof.

So the woman that got soooooo upset over the hearings about fannie mae and freddy mac in 2005 is now in charge of getting to the root of the banking problem. Does anyone else see a problem here?