Comments on: What’s Behind this Stock Rally? http://dailyreckoning.com/whats-behind-this-stock-rally/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sun, 27 May 2012 09:55:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Jeff http://dailyreckoning.com/whats-behind-this-stock-rally/#comment-8677 Jeff Wed, 20 May 2009 16:41:51 +0000 http://dailyreckoning.com/?p=15814#comment-8677 Chuck, I'm responding to this "But! They also provided credit to people that “signed the papers agreeing to the terms.” I’m NOT talking about whether its right or wrong to raise interest rates on credit cards to “stupid” levels. I AM talking about the government dictating to the bank that issued the credit – and that is on the hook for the credit – just how and how much interest rates will be raised." The banks wrote their own obituary when they had their chums in government write those new 'personal bankruptcy' laws where the little guy doesn't have the same protection as a corporation. They turned Joe Sixpack into Joe Debtslave and they didn't expect a pushback? It will be interesting to see what they cook up to counter this later on. Chuck, I’m responding to this “But! They also provided credit to people that “signed the papers agreeing to the terms.” I’m NOT talking about whether its right or wrong to raise interest rates on credit cards to “stupid” levels. I AM talking about the government dictating to the bank that issued the credit – and that is on the hook for the credit – just how and how much interest rates will be raised.”

The banks wrote their own obituary when they had their chums in government write those new ‘personal bankruptcy’ laws where the little guy doesn’t have the same protection as a corporation. They turned Joe Sixpack into Joe Debtslave and they didn’t expect a pushback? It will be interesting to see what they cook up to counter this later on.

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