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    a sustainable apocalypse..., 2009-02-28 08:06:25 | Main | a scripted tea-bagging..., 2009-02-28 16:42:03

    this is getting personal:

    Last week Citibank suddenly increased the APR on this credit card I have from 12% to 30%, while the other banks simultaneously slashed the interest rate on my savings more than half to something like 1.5% and falling. Granted that the card has just sat unused at the bottom of a cardboard box in a closet underneath a heap of old electronics and dusty unread paperbacks since the day I got it, and that my personal savings rate as a component of after-tax income is an abnormally high, demand-destroying 50%. Nevertheless my previously impartial and detached consideration that the government should be lighting insolvent banks on fire has taken on a fine sheen of red mist.


:: posted by buermann @ 2009-02-28 10:14:30 CST | link





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