China Expert

On Credit Card Legislation and Consumer Education

I agree, the real problem is that 90% of the kids don't know how a credit card works. They are prepared for many subjects which they will not use 90% in their lifetime, yet they know little about the very basics of finance 101. Then when they go to college and get flooded with Credit Cards they can't possibly afford, the kids and their parents are surpized that things get totally out of hand. I bet that 90% of the kids entering college have no idea that if they make their minimum payments on their credit cards that their balance will NEVER be paid off ! It's so sad that parents and schools are basically naive when it comes to preparing children for a facit of life that impacts them every day in their future lives !

Chris Dodd's Credit Card Bill Won't Help Consumers

All his constituents in Connecticut know that he was a key player in this economic fiasco. The chances of him being re-elected are slim to none. I am sure he is already calling his buddies and trying to line up a golden career in the private sector.