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Monday, May 31, 2010

How is Jamie Dimon of Chase Bank commemorating Memorial Day for Soldiers on Duty to reduce their debt burden?

What does Wall Street, and bankers such as Jamie Dimon, do on Memorial Day to help our own soldiers pay down their debts? I'm not talking debt forgiveness. However, knowing that an american soldier can't take a second job to pay down a debt, how about a fixed, lower credit card interest rate for veteran families?

Even if the banks want to attach a stipulation that the fixed lower interest rate would apply to any veteran family that is actually paying down their credit card debt, lowering the interest rate to something reasonable, like, 9.99 percent, would actually help stretch a veteran families budget.

It's amazing how disconnected Wall Street is from all of us when they can't even acknowledge the men and women who actually risk their lives in far away countries so bankers like Jamie Dimon can work.

There are some guidelines in place that are supposed to protect veterans and their families from crazy high interest rate charges, but apparently there are ways around it.

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