Oughta’ Be a Law
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- April
- 26
The President and congress are about to hammer through some welcome legislation designed to curb the worst of the predatory credit card companies. Of course the CC Co.s are kicking and screaming about messing with the free market which is not entirely unjustified, seeing as it takes both an unscrupulous lender and an irresponsible borrower to tango. But nobody in their right mind would want to stand in the way of stopping deliberately predatory billing cycle changes, hair trigger late fees, fees to PAY your bill(!) and of course, criminally high interest rates triggered when you get caught by any of these devious – and carefully set – traps. I mean WHO in Washington could be so out of touch with the electorate to want to get in the way of stopping that…? Can you think of anyone??
This entry was posted
on Sunday, April 26th, 2009 at 7:42 am by Matt Davies.
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“WHO in Washington could be so out of touch with the electorate to want to get in the way of stopping that…? Can you think of anyone??”
As a matter of fact, Matt, I can. The same congress critters who are voting against the economic bailout plans, and who publicly declare that they want Obama’s initiatives to fail. And, in a couple of months, they’ll be voting against health care reform. Mark my words.
-jp
I should make the questions tougher, huh?!
Yes, let’s reward people for borrowing more than they can handle and punish those who impose penalties for irresponsiblitiy. Why don’t we just prolong the recession with more irresponsible government intervention in the name of “compassion”. As for health care reform, can’t wait for your cartoons depicting the waiting lines to get an MRI done when the government runs health care.