Well, actually I should say I'm hating on Citibank, but since they are owned and funded by the US government (by-in-large), but still operated by a bunch of bankers that are partying like it is 2006, I'm not really sure who I'm hating... we'll say Citibank just to be safe.
Citibank recently informed me that the interest rate on my credit card would be 25.99% APR starting January 1st, 2010. This is f-ing extortionist. My interest rate in early 2000 was about 11.99% when interest rates were at about 4%. So, they were borrowing at 4% and lending at 12% - essentially tripling their money. Now, they are borrowing at close to 1% interest from the government and lending at 26% - that is ridiculous... especially since the government bailed them out to the tune of $40 billion!
Normally I'm not to the type to complain about these things, but when the administration has essentially bought and propped up a failing bank, and simultaneously passed consumer protection bills designed to hold credit card rates low and you get a notification that your interest rate is going from a lofty 19.99% to 25.99%, that is ridiculous.
Citi, consider this my formal opt-out!