Forum Post: Banks raised interest rates on consumer debt during 2008 financial crisis to 17.99% to 21% for debtors with even EXCELLENT CREDIT and continue to charge these rates while only offering cd deposits 1 to 3% -- Another example of getting rich off the PEOPLE
Posted 12 years ago on Nov. 22, 2011, 1:25 p.m. EST by FedWallFedWellFedUP
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Banks raised interest rates on consumer debt during 2008 financial crisis to 17.99% to 21% for debtors with even EXCELLENT CREDIT and continue to charge these rates while only offering cd deposits 1 to 3% -- Another example of getting rich off the PEOPLE
Banks money pipes were stuffed with taxpayer money but lending almost came to a halt to regular folk during the financial crisis