All The Big Banks: Bank Of America, Citibank, JPMorgan, Wachovia
Ripoff interest charges based on false reporting of "prime rate"

The big banks in the U.S. Are ripping off all the consumers by falsely reporting their "prime rate" so that they are charging consumers approximately 3% more interest on credit cards and home equity loans as wells as all prime rate based loans.

The prime rate is defined as the best rate of interest for the banks biggest and best customers such as General electric, general motors, ibm, etc., but in facts, the banks are reporting a false prime rate to the Wall Street Journal and the New York Times so that they can use this rate to charge consumers 3% more than they should. This is just the biggest rip-off in the U.S. Billions of dollars are stolen from the consumers every year and the U.S. Court systems are helping them to steal from all of us.

Company: All The Big Banks: Bank Of America, Citibank, JPMorgan, Wachovia
Country: USA
State: New York
City: New York
Site: www.citibank.com

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