YOU ARE EVIL THEIVING ...

YOU ARE EVIL THEIVING BASTARDS

That is what Ann Minch of California U.S.A. publicly called the Bank of America and the whole U.S.A. financial system when a 30% interest rate was applied to one of her Credit Cards on which she had been paying the minimum monthly payment schedule.

Ann’s Facebook Video can be viewed at:
http://www.thebigmoney.com/features/youtube-brandwatch/2009/09/30/debtors-are-coming

Ann Minch is one person who believes in treating others fairly, honestly, with compassion and tolerance for those with acceptable levels of imperfection.

In her Facebook video: “The Debtors are Coming” she declares war on the Bank of America and all large U.S.A. Financial organizations that have adopted usurious interest penalties on outstanding credit card accounts.

Ann relates how she has been a loyal customer of the Bank of America for the past 14 years and currently has two Bank of America credit cards. One is paid up to date while the other has a reasonable level of balance on which Ann has been paying the minimum monthly payments.

All was well --- so far as Ann was concerned – while the interest rate charged on her outstanding credit card balance was in the 13% range. But Ann’s tolerance for unfair play was exceeded when the Bank of America suddenly more than doubled the interest rate on her outstanding credit card balance to 30%.

She relates how she was deceived by Bank of America commercials that declared customers who had issues with the interest rate applied to outstanding credit card accounts could contact a bank investment counsellor and negotiate a rate more acceptable to both parties.

So acting upon the information the bank was providing, in their commercials, Ann contacted the bank by phone and asked to be connected to someone who she could discuss the outrageous new interest rate now being applied to her outstanding account balance.

Ann relates how her phone call was shuffled back and forth between Bank employees until she finally found herself talking to a Bank Investment counsellor. What happened next was that Ann was advised the 30% rate was not negotiable and would remain in force – period.

That was when Ann blew a fuse and declared: “You are evil thieving bastards” and “I could get better loan interest terms from any number of loan sharks.” And you know Ann is right. There are loan sharks that would be happy to get a rate of 20% on each months outstanding loan balance.

I can barely imagine what Ann would call Canada’s Minister of Finance if she were to be taxed 500% of her entire gross income for a year, on money deemed to be “Earned Income”, from ESPP/ESO shares she actually lost money on.

“Evil thieving bastards” would be mild compared to the words she would produce under those circumstances, I’m sure.

Canadian voters should be more like Ann. She is not only fighting for her own benefit but for the benefit of every American that holds a credit card. The spill off from her battle with the American Financial system may actually be of benefit to Canadians as well.

Whether, or not you approve of Ann’s choice of words the fact remains she has had enough of bureaucrats running the show and abusing their power to demand outrageous payment from honest, hard-working taxpayers and honest debtors.

Every Canadian has lost rights guaranteed under the Canadian Charter of Rights and Freedoms as well as rights supposedly guaranteed by the updated “Taxpayers Bill of Rights” and the only way to retrieve those rights is to demand our elected representatives amend Canada's flawed taxable benefit legislation and put an end to taxing phantom income as the U.S.A. government has already done. Ref: www.reformamt.org

Stand up for your rights and for the protection of all Canadians against taxes levied on deemed “earned income” money that never existed.

Show a bit of the fighting spirit of a little Ann Minch who took on the U.S.A. Financial system, by herself, when she found their abuse of power was hurting her and her fellow Americans -- she fought for the rights of people she doesn’t even know.

And the risk she took to take her situation to the public paid off. The Bank of America restored Ann’s credit card interest rate back to 12.99%
see:- http://www.sciforums.com/showthread.php?p=2375445

Canadians – “Stand up for your rights” to equal treatment under the laws of Canada and inform your elected Members of Parliament you demand they commit to amending Canada’s defective taxable benefit law to put an end to taxing honest, hard-working Canadians on money that never existed.

See you at the voting polls in the next federal election O’Grady.

Victor Drummond (c)