Following the lead of Ann Minch, who launched a "debtors' revolt"
via YouTube last fall, California attorney Ben Pavone has told Bank of
America he refuses to
pay off his credit card debt until the bank lowers his interest rate
- and if they don't, he'll sue. Angry about his rising interest rate
and falling credit line, he offers the novel idea that banks have "some
kind of obligation to not totally extort the public."
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"I am anxious to point out (in court) that you 'had' to cut my credit limit at the same
time you were borrowing billions from the federal government and paid
your executive bonuses in full."