Fed Cuts Benchmark Rate to Near Zero

[Seacrest]

That does it.
With money this cheap again, and me with no debt, I'm buying the Cubs!

What's the worst that could happen?
We lose money? OPM, baby, OPM!

[mikeylikesit]

Seacrest as Cubs owner, Minty might have once approved but since he now has his own access to the best seats in the house...

[decocritter]

I don't know why banks aren't forced to lower credit card interest and penalties, since they are getting bailed out.

Still no relief for the regular citizen.

Funny that Insurance Companies can bill months in advance or you are "late" , cancelled, and your credit rating tanks.

I am trying to pay everything I can off...everything.

[kap]

decocritter wrote:
I don't know why banks aren't forced to lower credit card interest and penalties, since they are getting bailed out.

Still no relief for the regular citizen.

Funny that Insurance Companies can bill months in advance or you are "late" , cancelled, and your credit rating tanks.

I am trying to pay everything I can off...everything.

You and I are on their black list of the least favorite customers! I just told WaMu why I am taking our money to a CU. The manager couldn't give me a persuasive reason not to leave the bank!

[mikeylikesit]

kap wrote:
[quote=decocritter]
I don't know why banks aren't forced to lower credit card interest and penalties, since they are getting bailed out.

Still no relief for the regular citizen.

Funny that Insurance Companies can bill months in advance or you are "late" , cancelled, and your credit rating tanks.

I am trying to pay everything I can off...everything.

You and I are on their black list of the least favorite customers! I just told WaMu why I am taking our money to a CU. The manager couldn't give me a persuasive reason not to leave the bank!
Kap. You might want to keep that account open as a fallback. I still have a BofA account but funnel most of my banking through the CU.

[kap]

mikeylikesit wrote:
[quote=kap]
[quote=decocritter]
I don't know why banks aren't forced to lower credit card interest and penalties, since they are getting bailed out.

Still no relief for the regular citizen.

Funny that Insurance Companies can bill months in advance or you are "late" , cancelled, and your credit rating tanks.

I am trying to pay everything I can off...everything.

You and I are on their black list of the least favorite customers! I just told WaMu why I am taking our money to a CU. The manager couldn't give me a persuasive reason not to leave the bank!
Kap. You might want to keep that account open as a fallback. I still have a BofA account but funnel most of my banking through the CU.
I still have a joint account with a family member.