I was delighted to read a story posted in the New York Times today.
http://www.nytimes.com/2009/04/11/business/economy/11bank.html?_r=2&hp
Douglas Leech, the founder and chief executive of Centra Bank, a small West Virginia bank that participated in the capital assistance program but returned the money after the government imposed new conditions, said he complained strongly about the Treasury Department’s decision to demand repayment of the warrants. That effectively raised the interest rate he paid on a $15 million loan to an annual rate of about 60 percent, he said.
“What they did is wrong and fundamentally un-American,” he said.
Apparently Centra Bank doesn't issue credit cards. After all, Bank of America jacked up my rates to 30% because I wasn't paying down the debt rapidly enough!!!
Talk about un-American! Welcome to the real world Centra Bank
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