Wednesday, April 24, 2024
Miles from the Mainstream
D. R. ZUKERMAN, proprietor

Are Banks That Charge Oppressive Interest Rates Trying to Give Capitalism a Bad Name?

NOVEMBER 2, 2007 --

LPR, doing a google search on the movie "It's A Wonderful Life," learned that the FBI, when the film came out in 1947, thought it contained a communist message because the story's banker was a nasty guy.  

The banker the FBI complained about Henry F. Potter -- was, of course,  a fictional person.   This suggests to LPR that if a banker, in real life, is a nasty guy, he or she might well be a crypto communist out to give capitalism a bad name.   For LPR, any bank that hits people with oppressive interest rates is, ipso facto, mean and quite possibly part of the communist conspiracy to undermine capitalism.

Let it not go unnoticed that one bank imposing oppressive rates HSBC is a bank with ties to … CHINA.

Another bank with oppressive rates is Bank of America -- and what better way to besmirch the  name "America" than by committing economic injustice under that very name.

LPR urges the FBI, the Attorney-General (oops, Democrats are stalling there)  and Congress to investigate, as anti-the American Way, all banks that charge credit-cardholders more than 18% interest.

If this means we need a House Un-Capitalist Activities Committee, so be it.

Once HUCA  (please don't confuse with HUAC) is established, let's subpoena every son-of-a-gun whose money-grubbing actions are 1.) obviously intended to discredit capitalism while 2.) promoting the "aggrandizement" for the few.   For starters, that would include the oppressive credit-card companies, the money-extorting oil people, and health and auto insurance companies.  

And, yes, we should also have to subpoena people in in Congress and in the media whose failure to act against the economic oppressors of our people is causing lack of confidence in our way of life.

Let not the country's economy be sacrificed on the altar of "Potterism" (the mindset intent on discrediting a free economy).