Money in the bank

Liberalman

Senate Member
Mar 18, 2007
5,623
35
48
Toronto
For years people have been living off credit cards or other people’s money. The banks have made billions of dollars on interest that they charge for that money.

Because of the sub-prime mortgages fiasco in America the banks have restricted lending to higher risk people.

People have a harder time qualifying for loans for cars, furniture, education, and a lot more products.

I say it’s about time.

Easy access to money has meant higher prices to the consumer.

Credit means businesses can charge more for their products and services thus gouging the consumer.

When people are paying for those products and services with their own hard earned money then they aren’t willing to pay so much they can go without and businesses will lower their prices if they want to stay in business.

I have a feeling that the banks have restricted their loans to force the American government to approve the bailout of the sub-prime and now that the American tax payer has to pay the price and the banks will go back to lending more money to high risk people and make billions of dollars in interest and businesses will continue to gouge the consumer

Since the Republicans and Democrats approved this before the elections the candidates will find out on election night just because the voter is a registered member of their party doesn’t mean they got to vote for them. Maybe it’s time for a third political party to bring fairness back to the government.

We have to remember that this is the land of the free.