How to Solve a Credit Crisis (Fight Club)

Project Mayhem: The ultimate goal was the destruction of the debt records and resetting "The System" back to zero.
notarobotsays...

>> ^NordlichReiter:
you are not advocating what I think you are advocating are you? ....

its crazy... but....


My girlfriend got a letter in the mail today from CITIbank offering her a $10,000 "pre-approved" loan. Neither she, nor I, have any dealings with this bank. They somehow got our address and sent out this offer, which at (reading the fine print) 29.9% interest would ONLY cost $1200 a year! Now she and I both know that that interest would be a terrible to try to deal with, but how many people might get just desperate enough to agree to the terms to try to stay afloat? And how many people who get that desperate might not actually be any better off with even more debt.

I am increasingly feeling like the industry that exists and sustains itself by usury should be accountable for its actions. If they make a bad loan, and grant money to people who are never able to repay it, then maybe they don't deserve to get that money back?

"A fool and his money are easily parted" says an old proverb. In my opinion, there have been some mighty foolish banks over the last few years.

Check out what Rachel Maddows has to say about the bailout.

And if you have time, you might like this 2006 doc: In Debt We Trust: America Before The Bubble Burst

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