It's In the Cards »
Posted By Progressive 7 months, 3 weeks ago in Business & Finance
Ask not what your credit card legislation will do for you ... Actually, go ahead and ask; you might be pleasantly surprised. President Obama has asked Congress to submit to him by Memorial Day a bill that will redefine the rules of the game when it comes to credit card lending practices. Currently, the Senate and the House are each working on their own versions of a credit card bill. In the Senate, an agreement reached earlier this week between Senate Banking Committee Chair Chris Dodd and Richard Shelby, the top Republican on that committee, virtually guaranteed Senate passage.
Read Full Story at reuters.com »
181 Views Share Story 3 Comments Report
Submitted By:
Progressive
There are only two kinds of people who are really fascinating: people who know absolutely everything, and people who know absolutely nothing. -- Oscar Wilde
I ...
Who Also Submitted: All »
Other Related Articles: All »
RSS Join the Discussion
+ Add CommentComments So Far: 3 (view all)
-
100%
Beau78907 months, 3 weeks ago
This comment is below the standard viewing threshold View It »
This is all well and good (especially the rule against universal default and the one stating that overpayments be charged against balances carrying the highest interest rate), but I have no doubt the credit card companies will tack on new fees and find other ways to exploit consumers' indebtedness. After all, that's why they're in business.
Reply -
-
100%
truthiness7 months, 2 weeks ago
This comment is below the standard viewing threshold View It »
Thomas Jefferson, Karl Marx, Adam Smith, John Maynard Keynes, Jimmy Hoffa, are sitting around a table drinking beer and eating pizza.
Reply
Smith: We should order from more than one place, that way they will have to compete with each other. That will keep the price down and the quality up.
Marx: Rather than exploiting their work for our benefit, we should be contributing to the making of the products so that we are consuming the fruits of our own labor. If everyone did that, and shared those fruits, it would cost us nothing and the quality would always be high because we would be working for ourselves.
Keynes: Perhaps if we paid someone to regulate the beer and pizza industry we could guarantee that there would always be descent quality at a fair price without corruption or greed getting in the way.
Jefferson: And who would regulate the regulator? What we need is system whereby the customers dictate to the business owners what the policies will be.
Hoffa: What a fcking pile of crap! The workers are the one’s making all of this possible with the sweat of their brow, they should be in charge of everything!
The waitress comes by with refills for their drinks and the men all stop talking to leer at her breasts.
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.