California woman revolts against her creditors

This week marks the one year anniversary of the demise of Lehman Brothers, an event that led to the collapse of the financial system and eventually, a $700 billion taxpayer bailout. One year later, while many banks are making profits, many Americans are still struggling to find work and pay bills. And some of them are starting to see their bills get higher as credit card companies raise their rates.

In Northern California one resident isn´t complacent with this news. Healthcare worker Anne Minch decided to stop paying her credit card debt earlier this month after she found out that Bank of America had jacked up her interest rate to 30 percent.  She made her intentions public on a Youtube video.

“You have reaped ungodly profits in your behemoth casino schemes. Then lost only to turn around and usurp the wealth of this great nation by the outright rape and pillage or middle class Americans whose sweat and toil build it.”

Minch is staging a debtor´s revolt against Bank of America and other financial institutions. She said she would not pay her debt back until the bank returns her interest rates and monthly payments to their previous levels.  And she´s calling on US citizens who feel they´ve been cheated by their banks to rip up their credit cards and stop their payments. FSRN spoke to Anne Minch Friday.  

Here´s her latest video.