Banks & credit card companies to raise rates HIGH!

Another stupid move coming by American banks is about to make its way into your homes forcing more and more Americans into financial problems. It is now understood that many banks and credit card companies are going to raise interest rates even when the Fed has lowered rates to 1% which has lowered prime rate in order to make more money.

 

However, these interest hikes on those that are paying their bills and making it are going to be thrown into financial default thereby causing a huge increase in credit card failures and possible bankruptcies where the banks are not likely to get anything from those that they throw into this perdicerment. Very strange.

 

Now the little disclosure that will make your blood boil: these are the very same banks that received a government bail-out using your tax payer money so you are effectively paying to have these banks raise your interest rates and cause defaults.

 

HA! This is America for you.