Should Banks just Wake the Up and smell the Coffee ???

The tobacco industry had to be regulated by an act of Congress to curb sales of cigarettes to minors. Clamping down hard on advertisers to save lives right ?

Isn%26#039;t it time banks %26amp; lending institutions be responsible just like we made the tobacco industry responsible. Hooked is hooked....and although you can%26#039;t get cancer from a credit card or a suckers mortgage we%26#039;re still seeing ruined lives right ?

I say banks need to take the hit right now.

Stop all new mtge rate adjustments and drop all previous rate adjustments to 0% on credit of any kind for people that qualify.

Give qualifying individuals an 18 month moratorium on interest and allow people to pay down principal only.

After 18 month%26#039;s increase interest rates to 5% for 12 mth%26#039;s.

Place a moratoreum on foreclosures. Do empty %26quot;Bank owned homes%26quot; make banks money ?

Banks need to wise up. Consumers need to use debit cards. Spend wisely.

We%26#039;re in this together. We should act that way !!!

Smart is good. Stupid is not good.

Should Banks just Wake the Up and smell the Coffee ???postage rate

The part that bothers me is that the federal government issue%26#039;s FDIC (federal deposit insurance) to banks but allows predatory lending, risky lending, etc.

If they wish to engage in risky behavior their FDIC status should be removed. We even have banks issuing credit cards and real estate loans to illegal immigrants who could be deported at any moment.... How risky is that?, actually its not so risky if the American people have to bail them out.