Wells Fargo Suspends Credit lines ?

[Hayata]

Any other banks followed suit or is this just a Wells Fargo kinda thing?

 

[palmettomoon]

Look at all of the so called free money that has been sent out in the past year. Along with the $350 per child checks that are set to start this week.

1 in 5 U.S. "fiat" dollars in circulation was "created/printed" last year 2020. 1 in 5. Let that sink in. In a stagnant & declining economy, the government/Fed Reserve "created" 20% MORE "money" to pump into it. WTF did anyone with half a brain think was going to happen? We're about to see ridiculous inflation.

 

[BIKER13]

WTF did anyone with half a brain think was going to happen? We're about to see ridiculous flatulence.

 

[Tony2X]

I aint never owned a CC....nor do I plan to.

 

[Don231s]

Any other banks followed suit or is this just a Wells Fargo kinda thing?

Looks to be only WF for now. Haven't seen any other announcements.

 

[rightway1974]

The fed is claiming the inflation is only temporary because of supply chain and manufacturing interruptions. What about all those who didnt make their mortgage and rent payments all last year? Is the fed going to bail them out also? It wasnt right to make the property owners and mortgage holders not be able to evict or foreclose. Those folks were getting gov money and unemployment and still not paying.

 

[whiskerz]

Wells Fargo should not be used as an example of anything except corruption and poor banking practices. They still owe me money from fraudulent charges on my mortgage.

 

[timbgtm]

Inflation will only worsen while the liberals have control. Just look at gas prices. It doesn't matter how much minimum wage goes up, Inflation will surpass right away.

 

[Glock 21]

Stagflation is the bigger concern with the current administration at the wheel and will do a lot more damage than inflation.

https://www.theguardian.com/business/2021/jul/02/1970s-stagflation-2008-debt-crisis-global-economy

 

[Nonliberal]

My wife's credit card limits just got cut in half.