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Dana Reed

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Blogs by Dana Reed

Credit Cards Next to Fall in Recession
10/29/2008 8:34:41 AM


Good. Are we still responsible for paying off the balances? I don't see why when this is not a voluntary action. Blog insert below used courtesy of E. Lucas-Taylor

This blog has always been about information, not to have people to agree with me, but to get peoples’ attention to “pay attention” to what is happening around them, and none more important than in a political year. We learn information through music, rhyme, anger, profanity, repetition and exaggeration. Add in body swaying and/or strobe lights, and you have direct input into the subconscious mind. I used to call this my bullsh*t blog because BS is all that comes out of Washington from our elected crooks. Now I am calling it the “Audacity of Censorship” blog for obvious reasons. Blogs are personal journals. Telling writers/authors they cannot write on certain subjects is censorship. There are always a few retarded sophomores who have a horde of mattress ticks in their underwear and cannot get with the program, any program that deals with information. They are unable to turn the page, click on a link to verify information, form their own judgments from information provided, or (God forbid) add a single megabyte to their IQ, and they live only to prevent others from doing the same. This blog is for people who can think and make informed decisions. Censorship is a dirty business, and there are laws against censorship. (But, between you and me, I will be glad when this election is over with and I can retire this blog.)

“Far more crucial than what we KNOW or do NOT know is what we DO NOT WANT TO KNOW.“ ~Eric Hoffer


On the news last night, it was announced that credit card companies are tightening the reigns to protect their 'good' customers. Say what? See, it's like car insurance companies holding the same reigns. They were allowed to add a surcharge to your insurance rates if your credit score was low. At that time I couldn't understand what one had to do with another. So people who can't pay their bills might crash into one another just for the cash benefits? What benefits? By the time car insurance companies begin deducting money from the collision part of your policy for the age of the car, there's nothing left.

Now banks, in their desperation to prove they're as smart as insurance companies, are judging consumers the same way, only it gets much worse. When you applied for a credit card, normally you had to list your occupation and your place of residence. Therein lies your downfall. If your occupation is considered to be risky, your cards can be downsized when it comes to the maximum amount you're allowed to use on the card or you can be outright canceled.

And Heaven forbid you live in a high-crime rate area, that's a cause for canceling your card. What if you were shot or stabbed or outright killed? You're a bad risk. Hey, we've all been screwed over by Uncle Sam over the years, does that make everyone a bad risk?

You'll never guess what comes next. It's a government approved operation that's been put in place to protect our banks and credit card companies. So if you work in an office and live in Beverly Hills, you're safe. I live on ten acres in Vermont, part of which are woods. We have Coy dogs--wild dogs that mated with Coyotes--bear, deer, moose and other dangerous critters. OMG, you think I really believe this? But my credit card company will. So I'm next on their hit list.

But Hell's Bells, I won't be alone. I'll have millions of people to keep me company. Still, I have to wonder. After millions of consumers have their cards downsized or canceled, who will support the banks and credit card companies through outrageous rates charged on the cards? They'll only have about 100 customers left. Serves them right, and I'm against more bailout loans for their stupidity.


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