February 23, 2010
Blog Video
Big Credit: The Next Victim

Comments:
Jeff Teach says:
February 24, 2010 9:10am
Just where is this country going? I guess it pays to abuse!
Mark Matson says:
February 27, 2010 8:55am
Dan,

Yeah, that movie is called Super Size Me and it great. In fact that movie was the motivating factor that gave birth the Navigating the Fog Video. The guy gains thirty pounds in thirty days and his liver starts to break down. If you want to see something even worse check out the Heart Attack Grill website.

The other effect that this legislation will cause is a tightening of credit. I started my company with three credit cards and a dream. How many young entrepreneurs are they going to kill with this bill that might have dead beat parents or that are estranged from their parents and want to borrow money to start a business? Most small businesses are financed with credit cards. The liberal scream for more lending and shackle the lenders!

These credit card companies charge such high rates because many people are not willing to work hard and be responsible and pay the companies back. I get so tired of hearing ads for companies the will get you out of paying your credit cards off! What happened to honor and integrity? If you take someone’s money – you pay them pack. To do otherwise is destructive to your soul.

It is the consumer who victimizes the lender and then begs to be relieved of the responsibility of their own imprudent actions. I’ll take your money and buy a large screen tv but don’t you dare ask for your money back. And don’t you dare charge me penalties if I am late or break the rule of the contract.

And I will eat all the cheese burgers I want and become obese and when I need a five hundred thousand dollar bypass you will pay for it you will pay. I will not save for my future because social security will sustain me and I will not buy my own insurance because the government owes me.

And all the while the responsible borrower or the responsible eater will pay the bills for everybody else. Sorry I ranted – but I am sick of it. Thanks for calling this insanity out for what it is Dan!

Mark


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