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Banks Canceling Credit Cards Without Notice

Posted by Greg L on August 14, 2009 · Leave a Comment

Interesting article from the Wall Street Journal. The backlash on this will be more frugality and less credit use. That’s not a bad thing, but given that the banks have effectively gotten our money with the TARP and the Federal Reserve’s quantitative easing, this is somewhat disturbing. Cardholders Get Rude Surprise at the Register http://online.wsj.com/article/SB10001424052970203612504574343111012053966.html … Continue reading →

Filed under Business, Economics, Financial Crisis · Tagged with Banks, credit cards, econonmy, Financial Crisis

“If we remain poor and dependent, the riches of other men will not avail us. If we are ignorant, the intelligence of other men will do but little for us. If we are foolish, the wisdom of other men will not guide us. If we are wasteful of time and money, the economy of other men will only make our destitution the more disgraceful and hurtful. “
Frederick Douglass
“If you form the habit of going by what you hear others say about someone, or going by what others think about someone, instead of searching that thing out for yourself and seeing for yourself, you will be walking west when you think you’re going east, and you will be walking east when you think you’re going west. This generation, especially of our people, has a burden, more so than any other time in history. The most important thing we can learn to do today is think for ourselves.”
Malcolm X
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