Don't pay credit cards 'til banks return our tax dollars - VIDEO

http://www.youtube.com/watch?v=jGC1mCS4OVo



Red Bluff woman launches credit card revolt


By David Benda
Thursday, September 17, 2009
RED BLUFF - Ann Minch's vow to stop making payments on her Bank of America credit card has captured a nation.

Upset that the bank raised her interest rate to 30 percent, the 46-year-old Red Bluff native vented her outrage on video and uploaded it to YouTube.

She calls the four-minute, 28-second clip "the proverbial first shot in an American Debtors Revolution," and it has struck a chord with the public.

Minch will be in San Francisco today doing a live TV interview for the "Fox & Friends" morning show. She also has been contacted by MSNBC and local TV and radio and did an interview for The Huffington Post.

"I have just been bombarded with media," said Minch, who's a case worker for Tehama County Mental Health.

Minch posted the video Sept. 8. It had generated nearly 177,000 hits as of Wednesday afternoon.

"I did it that night. The next morning, I went to work and didn't really think about it too much," Minch said Wednesday by phone from her Red Bluff home. "My friends started to call me and said, 'You are famous; your video has gone viral. It's all over the Internet.' "

Minch was laid off from her job at Tehama County Mental Health but recently was rehired to fill in for somebody on medical leave, she said.

Minch's fury with Bank of America ignited in August when she got a letter from the bank that said the rate on her credit card had been raised to 30 percent. Minch, a 14-year bank customer, was carrying a $6,000 balance on the card but had never missed a payment.

When Minch started going over back statements, she realized the bank in January had raised her rate from 12.99 to 24.49 percent. But Minch said the bank didn't send her a letter, so she missed the change.

On the video, Minch says, "Now, these are my terms: Unless you return my interest rate and monthly installment amount to what it was before the rate hike ... you're not getting another penny out of me."

Bank of America spokeswoman Colleen Haggerty said the company is aware of Minch's YouTube clip but doesn't comment on specific customer accounts because of privacy concerns.

"Regarding credit card rate increases, customers are notified in advance of new rates and are given the opportunity to reject the new rate and pay off the balance under the existing rate," Haggerty said in an e-mail.

Minch is aware of the policy.

"But who has $6,000 just lying around?" Minch said. "The bottom line is that because of the bailout, this is what is making people angry. The banks are the ones that created this whole economic disaster in the first place. The taxpayers bailed them out, albeit involuntarily."

Minch said middle-class America is fed up.

"That is the reason why my video has gone supernova and has resonated with so many people," Minch said.

Reporter David Benda can be reached at 225-8219 or at dbenda@redding.com.
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Aristotle the Hun's post from Wednesday, March 4, 2009

Don't pay money to banks - They owe you!


The politicians and the bankers ganged up on the people.
We are mostly powerless when it comes to politicians because no matter who we vote for they do what they please once elected.

"Meet the new boss
Same as the old boss
I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around me
Pick up my guitar and play
Just like yesterday
Then I'll get on my knees and pray
We don't get fooled again
Don't get fooled again
No, no!"
      The Who

The banks are vulnerable to the power of the people. Just stop paying off your credit cards. If it makes financial sense to stop paying your mortgage, do it!

None of us has an ethical obligation to pay one cent to banks.

The banks are the reason you are having trouble paying your credit cards in the first place so why would you pay money to the people who ripped you off and lowered your income?

New stimulus plan!  Keep the money for yourself.

What about the credit rating boogeyman? Your credit will be ruined anyway. Don't pay off banks until banks reform and pay off what they owe us.