Insult

I just opened my mail and among the various credit card offers and other solicitations to waste my money there was an offer from some "financial company" I had never heard of. Like most people I get probably a dozen of these phishing expedition kind of scams a week. This one was especially insulting though, and really hurt my feelings. Many moons ago when I had a decent job and accompanying good credit (and before the financial crash when it seemed like these hustlers actually had to try) the offers I received had good terms. So has the world tracked with my personal fortunes so much that now I am being scammed for 29.96% interest? Don't you go to hell for this kind of usury?

Worse, this railroading theft was only for $4,250. How do the grifters come up with these numbers? I mentioned a few days ago how Mr. K and I were discussing Capital in the Twenty-First Century and what possible ways working people could fight back against the financial pirates. AlterNet just ran a story about the next scheme of bundling the revenue streams of renting out the same properties that exploded when wall street bundled them as mortgages. As always, heads they win, tails they get a bailout and we pay for the scheme twice. In any decently run state, where the masters of the universe on wall street actually suffered losses for their failures, I doubt they would be going back to that well a second time so soon, if ever. But since the only bipartisan thing our Federal government can do is bail out the financial casino when ever the gamblers get in trouble, it is no surprise. This is called moral hazard, the only thing that changes is that the opposition party gets to whine and complain about the bail out to their members but the fix is in.