Comments by "Jim Werther" (@jimwerther) on "The Secret History of the Credit Card (full documentary) | FRONTLINE" video.

  1. Blame your ex-wife, not the banks. They did nothing wrong. She did.
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  2. I have credit card debt. Am I crying about it? Blaming the credit card companies? No. I'm an adult, and responsible for my own decisions. Grow up, people.
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  3.  @neoncat9573  So don't shut down the card, just stop using it. You can cut it up if you really want to.
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  4.  @SayAhh  Wow, your punctuation-free leftist rant was quite the read. Amazing how one can live a life of incredible irresponsibility while declaring themselves a victim, all while blaming corporations and waiting for the government to bail them out. You have well represented the leftist outlook, one in which every citizen is too stupid to live life without the government there to hold their hands from the cradle to the grave, as we methodically drift into a socialist utopia such as Venezuela or Cuba. God help us.
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  5.  @brendab.5111  Don't blame credit card companies for running a business. If you get in over your head, blame yourself for doing so.
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  6.  @robocop581  They got their deposit back? I'm surprised the stores agreed to that.
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  7. @Omega Then pay cash if you prefer. It's a free country. They charge what they want, and you decide whether or not to buy.
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  8. One ALWAYS has the option of refusing the rate increase by cancelling the card. This program was between misleading and outright false in its claims.
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  9. You know what's misleading? This show. The whole basis of this program is that people are too stupid to know how to use a credit card, thus requiring government oversight. As evidence, they present us with a panel of four people who willfully pay 20% interest so they can maintain a savings account, a level of financial illiteracy and stupidity nearly impossible to comprehend. And what if they can't figure out how to use a credit card? How about not buying the latest flat screen TV or video game? Furthermore, some specifics were particularly deceptive. For example, when the credit card company hikes your interest rate, you are given the chance to - normally within at least 60 days - decline the raised rate by shutting down the card permanently. (You continue to pay down the existing balance at the old rate, but can't make new purchases.) This entire program was full of this nonsense - everyone is stupid, the corporations are evil, and government is your best friend. Enough people continue to buy into this narrative, helping lead us into our slow slide into high inflation and towards socialism, as this formerly great country metamorphoses from the land of the free and the home of the brave into the land of the pathetic and the home of the perpetual victim.
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