Extravagant spending must stop. We must pass laws that specify that banks and S&L’s: (1) build less expensive buildings; (2) eliminate luxury trips for officers; (3) reduce ridiculous salaries and bonuses (see “Salary Caps”); (4) stop predatory lending practices—don’t increase credit card limits unless asked by the customer; (5) require larger down-payments for housing loans; and (6) reduce credit card rates.
Thursday, December 25, 2008
The Banking Industry
Extravagant spending must stop. We must pass laws that specify that banks and S&L’s: (1) build less expensive buildings; (2) eliminate luxury trips for officers; (3) reduce ridiculous salaries and bonuses (see “Salary Caps”); (4) stop predatory lending practices—don’t increase credit card limits unless asked by the customer; (5) require larger down-payments for housing loans; and (6) reduce credit card rates.
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