Why Citi Group, but not GM

"C. E. White" > wrote in message
> So will many other credit card companies. Citi Bank should be allowed to
> crash and burn as far as I am concerned. I want them to send my portion of
> the billions they are going send to Citi Bank to GM instead.

If we started a charity for GM, would you send your cash money, Ed?

I am sure I can get an address.

Better still, send me the money and when I get $25 billion, I will
immediately
forward it to the car maker of your choice. ;>)

"HLS" > wrote in message
...
>
> "C. E. White" > wrote in message
>> The Congress shall have Power To lay and collect Taxes, Duties,
>> Imposts and Excises, to pay the Debts and provide for the common
>> Defence and general Welfare of the United States.....
>>
>> Ed
>
> Er, it might be stretched paper thin to make that clause work, but
> the Supreme
> Court, George Bush, and the Congress have made just such stretches
> of fantasy
> in recent times.

Try FDR in the thirties...

Ed

"HLS" > wrote in message
...
>
> "C. E. White" > wrote in message
>> So will many other credit card companies. Citi Bank should be
>> allowed to crash and burn as far as I am concerned. I want them to
>> send my portion of the billions they are going send to Citi Bank to
>> GM instead.
>
> If we started a charity for GM, would you send your cash money, Ed?
>
> I am sure I can get an address.
>
> Better still, send me the money and when I get $25 billion, I will
> immediately
> forward it to the car maker of your choice. ;>)

Send a note to Pelosi and have her send my share directly to you. No
need to handle it myself.

Ed

"C. E. White" > wrote in message news:492b0f66
> Send a note to Pelosi and have her send my share directly to you. No need
> to handle it myself.
>
> Ed

It is already in their hands, Ed....I am sure you will be hearing from
Wagoner soon.

On Mon, 24 Nov 2008 12:54:09 -0500, "C. E. White"
> wrote:

>Seems the Republicans are more than willing to give Citi Group as much
>money as they want, but won't lend GM a dime....where is the fairness
>in that?
>
>Having dealt with Citi credit cards, I can assure you anything bad you
>can say about GM is a drop in the pocket compared to Citi Group's
>dishonest practices. Citi Group is one of the financial organizations
>that is directly responsible for the current financial crisis.
>
>As I see it the Republicans are punishing Detroit automakers as a
>roundabout way of whacking the UAW. They are willing to risk
>destroying a major US industry because the UAW is in the Democrat's
>pocket. They forget that UAW members have helped get many Republicans
>elected despite the wishes of the UAW fat cats. And come Democrats
>[Pelosi] are willing to let the Detroit three go under because they
>are short sighted and stupid. They figure the Japanese will build the
>cars they want us to have, if they have to let us have cars at all.
>
>Ed

Perhaps the Gov't realizes that Citi Group is a bank made up of
ordinary employees whereas GM/Ford/ChryCo are populated by, and still
trying to support a pool of leeches.

Let GM/Ford/ChryCo go bust, Nationalize the assets Pay the Porsche
management to repopulate the employee & management pool for 5 years
and then sell the company back into the market.

The old employee's? Not to worry, St.Obama will provide "free"
national heathcare and a wonderful welfare state.


I look at it this way, Porsche has so/so products but wonderful
employee's. The big 3 potentially have great products but.....

"C. E. White" > wrote in
news:492aea4c$1@kcnews01:

> Seems the Republicans are more than willing to give Citi Group as much
> money as they want, but won't lend GM a dime....where is the fairness
> in that?
>
Not the party per se, but the moron at the peak. The original bailout was
*his* idea and the congress were ablt to only change it *slightly* without
him vetoing it. Send the bum to jail, save his parents more grief.

If you read your agreement you will see that whenever a CC provider changes
the contract they have with a customer, the customer has the right to close
the account and pay off any balance under the rules of your contract. They
tell you that whenever they make changes authorized by the latest banking
laws.

As to mail problems what someone may have told you in NOT correct. One
need only remind the CC provider or any other person of the fact, of which
they ARE aware, that under the US postal laws mail becomes the property of
the addressee when it is postmarked, same as with ones tax return. Recipe,
or posting dates, are immaterial. You can not be held responsible for the
idiosyncrasies of the mail or their accounting practices. It is their
responsibility to prove it was postmarked after the due date.





"C. E. White" > wrote in message
news:492b08ec$1@kcnews01...
>
> "Mike Hunter" <mikehunt2@lycos/com> wrote in message
> ...
>> That may be your opinion but what CitiBank charges its card customer is
>> clearly stated when on receives their card. Those fees may be what the
>> are but they are dishonest
>
> Stating excessive fees does not make them fair, particualrly if you when
> you change the rules on a long time Customer with a large balance that
> they can't pay off immeadiatley (which is not my problem, I never run a
> balance). I can live with that, even if I think it is a disgusting
> buisness practice. What angered me was when they significantly reduced the
> grace period before payment was due and printed the due date in miniscule
> letters directly above the perforations on the part you return. In my
> opinion, this was done with the intent of causing some people to miss the
> due date, to allow CitiBank to collect ridiculously high late fees (and
> interest). And then when I mailed them a compalint about this shady
> practice, with the check attached, they responded to the complaint and
> cashed the check, but then claimed the check was late, even though their
> repsonse letter was mailed days before the paytment was due. They also
> make it clear that THEY are not responsible for slow or misdelivered mail,
> but that YOU are. So if your bill from them gets lost in the mail and
> never shows up, or it shows up very late, it is your problem. If your
> payment is mailed on time and gets lost or delayed in the mail, they still
> blame you, even if you can provide proof of when the payment was mailed. I
> still ahve a CitiCard, but avoid using it. I have other cards that provide
> the same benefits with a lot less drama.
>
>> I have a CitiBank card and I do not pay them a penny. All one needs do
>> is pay the accumulated monthly balance and they will pay you 3% rebate
>
> So will many other credit card companies. Citi Bank should be allowed to
> crash and burn as far as I am concerned. I want them to send my portion of
> the billions they are going send to Citi Bank to GM instead.
>
> Ed
>

Tim > wrote in
:

> HLS wrote:
>>
>> "C. E. White" > wrote in message
>> news:492aea4c$1@kcnews01...
>>> Seems the Republicans are more than willing to give Citi Group as much
>>> money as they want, but won't lend GM a dime....where is the fairness
>>> in that?
>>
>> Life isnt fair always, Ed. The effect of a failure of Citi Group on
>> the global
>> economy would be far more disastrous than the failure of GM, frankly.
>>
>> I think that the government will eventually choose to help GM, and the
>> others,
>> but those ****teaux's had better come in with a plan and an attitude
>> change.
>
> The Senators have created this whole banking problem not to mention the
> US auto industry problem.
> They allow all of these cars to come into the country from third world
> countries and expect workers to compete in wages. How stupid are they or
> don't they care about Joe Six Pack?

Once again with reality engaged? The US auto companies can't even compete
with foreign companies making cars with US union employees in the US.
They're badly run pure and simple. Too much of a monopoly does that. Look
how pathetic their explanations were to congress on what they would *do*
with the money. And they aren't even accountants or economists. Just politicians.
Friendly ones. I as a Canadian will be glad to see them go. Maybe we can
have our *own* auto companies again instead of the poorly suited crap
that comes out of Detroit.

HLS wrote:
>
> "Tim" > wrote in message news:ce0a5$492b00ac$cef8ac46
>> The Senators have created this whole banking problem not to mention
>> the US auto industry problem.
>> They allow all of these cars to come into the country from third world
>> countries and expect workers to compete in wages. How stupid are they
>> or don't they care about Joe Six Pack?
>
> The decision was made a long time ago that protectionism was negative to
> the
> US and world economy.

By whom? Ronald Reagan?

>
> If you shut off third world autos and parts, you would be sticking it to
> GM, Ford,
> and Chrysler as well.
>
> Congress did not cause this problem. (They are worth damn little,
> admittedly, but
> the car companies did this to themselves)

fred wrote:
> Tim > wrote in
> :
>
>> HLS wrote:
>>> "C. E. White" > wrote in message
>>> news:492aea4c$1@kcnews01...
>>>> Seems the Republicans are more than willing to give Citi Group as much
>>>> money as they want, but won't lend GM a dime....where is the fairness
>>>> in that?
>>> Life isnt fair always, Ed. The effect of a failure of Citi Group on
>>> the global
>>> economy would be far more disastrous than the failure of GM, frankly.
>>>
>>> I think that the government will eventually choose to help GM, and the
>>> others,
>>> but those ****teaux's had better come in with a plan and an attitude
>>> change.
>> The Senators have created this whole banking problem not to mention the
>> US auto industry problem.
>> They allow all of these cars to come into the country from third world
>> countries and expect workers to compete in wages. How stupid are they or
>> don't they care about Joe Six Pack?
>
> Once again with reality engaged? The US auto companies can't even compete
> with foreign companies making cars with US union employees in the US.
> They're badly run pure and simple. Too much of a monopoly does that. Look
> how pathetic their explanations were to congress on what they would *do*
> with the money. And they aren't even accountants or economists. Just politicians.
> Friendly ones. I as a Canadian will be glad to see them go. Maybe we can
> have our *own* auto companies again instead of the poorly suited crap
> that comes out of Detroit.

Sure. Do you realize how much money and R&D it takes to build a car
these days?
The car companies in the US can compete easily with the foreign cars
made in Canada and the US. That is not the problem.
And the cars are just as good.