Wednesday, October 21, 2009

Citibank – Trying to go bankrupt

After accepting billions of dollars in support from our government, the morons who ran the bank into the ground are at it again. Despite a stellar credit rating, they are raising my rate to 29.99%. Since I don't run a balance it is not a huge deal, but I am going to move my account.

  1. By raising rates to obscene levels, they are going to lose good customers who pay their bill on time.
  2. They are going to be stuck with customers who have large balances that "cannot be moved." These customers are going to default in large numbers do to the obscene interest rate they are being charged.


Worst of all, the morons that made the idiotic business decision are getting paid huge sums of money to be stupid.

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