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Credit Card Processing Company Rejects Firearms Industry

Discussion in 'Activism' started by The Sheriff, Jan 7, 2008.

  1. alan

    alan Well-Known Member

    The big investment banks and others couldn't be permitted to fail, as such would do significant damage to the economy and financial structure of the country. Of course, the people can always be dragged over the coals to bail out, the worthless hides of mortgage hustlers, bankers and credit card mafiosio. that is, you see, just business, possibly spelled BIDNESS. In any case, the sheeple are expected to foot the bill, with nary a question asked of their betters.

    Will any lessons be learned, I tend to doubt it, because nobody is likely to end up in jail, and by jail, I do not make reference to Club Fed, rather I make reference to The Tank, where reside all manner of common criminals.

    What was it that JPFO offered in the way of comment. BOHICA, which translates as follows. Bend Over, Here It Comes Again, as will likely be the case.
  2. SpeedAKL

    SpeedAKL Well-Known Member

    If I do end up writing/calling into Citi, I'll have to restrain myself from kindly reminding them of the tens of billions of dollars in shareholder money that they obliterated through making stupid bets on risky subprime mortgage-backed securities.

    Wall Street is actually a hive of Democrat elitists, an uncle of mine worked for Goldman Sachs for years and them moved on to several botique research firms. He's told me all sorts of stories about the political end of things there.
  3. alan

    alan Well-Known Member

    The ripples travel outward, one wonders as to how far?

    Heard one radio news broadcast today, Frontier Airlines has filed for "reorganization under Chapter 11", will keep operating during bankruptcy proceedings.

    Causes cited were escalation of fuel costs AND problems with the airlines credit card processor, guess who that it, FIRST DATA COPPORATION. The nature of credit card processor problems was unstated.
  4. protolith

    protolith Well-Known Member

    I heard about this. Their credit processor decided to change the fee percentage they were withholding. Frontier said they were getting things on track to remain solid and deal with the rising fuel costs, but this blow would have made the airline unable to afford to operate. CH11 allows them to pay their other accounts and seek a new credit card processor.
  5. alan

    alan Well-Known Member

    While I have had no personal experience traveling via Frontier, airlines in general, suck, having turned into bonus machines for management/executive types, all the while screwing their employees and passengers.

    Having said that, and looking back to the problems CDNN had with this First Data Corp., an offshoot of CitiGroup of sub prime infamy, I continue to wonder, at the risk of posing a dumb question, as to when if ever the feds, as in DOJ are going to prosecute these financial dirt bags. In short, how high must the pile of dead and wounded get to be before The Feds, (DOJ and Congress) take note and act? Anyone have any ideas, thoughts or guesses?

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