Now here's a name we haven't heard in quite some time. Senator Chris Dodd is finally waking up from his long slumber on the campaign trail to discover something that any American with a pulse already know: Credit cards companies are making a killing at the expense of the American people.
Credit card companies are crying foul, claiming that these restriction on their unbridled greed will make it harder for people to get credit cards. You mean that I won't be able to pick credit cards off of trees like I do now? Oh, well, then that might be good for everyone. Having to actually qualify for a card and prove that you know how to use it might be helpful as well!
Since "suggestions" from the Senate banking committee haven't been taken seriously by credit card companies in the past, I guess we'll just have to open up a well-deserved can of Whoop-Ass on them. They deserve it. Credit card debt is playing a significant role in the inability of most Americans to keep current on their bills.
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Great creeping Jesus, I agree.
I have been urging a more consumer friendly approach to credit card companies on th GOP for four years.
Posted by: The Real Sporer | May 3, 2008 9:54 AM | Permalink to Comment