sleepingnomore

Not only did the shareholders get screwed, but it's customers did too! Credit card customers saw their interest rates go from about 14% to 32.99% in addition to outrageous charges like a transfer fee for their balances when Chase Manhattan took over this end of the business. It's also very curious that since Chase got away with this, new legislation was passed to prevent other banks from following suit with what Chase was able to do.

Something's rotten in Denmark!