corporate welfare

from the Mother Jones blog:

In 2000, Illinois resident Marvin Weatherspoon (right) got a Bank of America credit card that he used to consolidate $12,000 in home repair bills, thinking the 4.5 percent introductory interest rate would help him get out of debt faster. Instead, though, eight years later, he has paid the bank more than $15,000, yet has reduced his principal balance by only $800. The reason? Even though he's paid his bills on time, Bank of America inexplicably raised his interest rate, first to 19.99 percent and then to 25 percent, where it is today.