Gaucho

Credit Card Catastrophe: Congress Can't Help

"it was never card policies that put people in trouble -- it was their own stupidity, and we just can't seem to legislate that away."

OHH no it was not the additional fees nor the interest rates that went from 5% sucker rate to the 25% "your screwed" rate. As soo as those bloodsuckers get their hands on someone they squeeze and squeeze. The republicans lifted all restraints on those bastards and they went about raping the consumers. Then they closed the trap by modifying the BK laws for the small guy. The excuse was "restraining the ability for financial flexibility in the market will limit the full potential and availability of credit to the consumer". Does this sound familiar "no regulation of the derivative market because it limit creation of new financial devices depriving the capital markets of their full potential". Same BS from a bunch of Wall Street Thugs that led to the financial collapse of over 400 TRILLION in these new super duper AAA rated Guaranteed by complex mathematics (that no one understood) never to fail. I know lets blame it on the house buyer that we pressed to buy buy buy.
Now they lament that they are losing credit card money as they drive folks into bankruptcy that they sent 10 credit card offers per day.
STICK IT YOU JUST DO NOT GET IT OR YOU DO NOT GIVE A DAMN