Massachusetts officials on Wednesday announced plans to move millions of dollars in state investments out of some of the nation’s biggest banks to protest credit card interest rates.
State Treasurer Timothy Cahill said the state has removed Bank of America, Citi and Wells Fargo from a list of institutions approved for new state investments. Massachusetts, which is the only state to make such a move, is also beginning to divest $243 million in funds held at those banks, though the process could take up to six months.
“We want to bring some fairness into the issue,” said Cahill, who is running for governor. “I don’t think what we’re asking is . . . out of line".'
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It's funny, a rleative of mine went to America and signed up for an American Express card. They also put me down for a card as well. Of course I refused to take up the offer. another person I knew took up the offer but didn't ever use the card and they charge you if you don't use the card. Can you believe that?
ReplyDeleteBesides, most places don't even take it.
And yes I think a lot of these card companies charge way too much.