Comments on: The First Draft: Tuesday, Nov. 18

By: Tanner

Tanner — Wed, 19 Nov 2008 00:05:24 +0000

Is anyone watching Citibank? After having a fixed rate credit card for nearly 12 years at 7.99% FIXED, they are raising interest rates to 7.99% PLUS prime VARIABLE for those who have never had a late payment, been over the limit and with excellent credit rating. Did they not receive their portion of the bailout? It is time that we “little people” rise up against the bailout and the banks who change the contracts with their credit card holders without warning or reason. What did Citibank do with the money they received? We need to get answers.

By: David Hernandez

David Hernandez — Tue, 18 Nov 2008 22:35:14 +0000

Agreed. For some reason, our auto makers seem to think the US consumer needs to buy only what they think we should buy. If that was not bad enough, the automakers for years have displayed a lack of loyality for Americans by closing plants in the US in favor of cheaper labor. I understand the need to generate profit, however as an American company, they need to be part of the solution. True American Entrepreneurism finds solutions where the rest of world cannot. That is truely a cornerstone of our culture. Instead of simply leaving, why didn’t they attempt to find solutions with Congress just like they are trying to get money from congress?

By: al bernstein

al bernstein — Tue, 18 Nov 2008 19:01:40 +0000

I managed G.M. dealerships for 13 years from 1960-1973. G.M. is getting what they deserve. When dealers were asking for smaller, more efficient cars, G.M’s attitude was “they’ll buy what we build”. They fought every safety feature for years and contiued to ignore competition.
I certainly have great concern for the G.M. employees and the thousands of employees of the companies that supply and service them.
there is no way they should allow the excs whose arrogant attitude put them in this position should be allowed to take their multi million $ bonus or be the ones who mamage their bailout.