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GOP Protects Credit Card Companies

By Big Tent Democrat, Section Other Politics
Posted on Wed Nov 18, 2009 at 05:52:50 PM EST
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    GOP Protects Credit Card Companies | 11 comments (11 topical)

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    And here I was (none / 0) (#1)
    by hookfan on Wed Nov 18, 2009 at 06:38:50 PM EST
    beginning to think Republicans were irrelevant =)

    Consequences (none / 0) (#2)
    by Abdul Abulbul Amir on Wed Nov 18, 2009 at 07:02:15 PM EST

    So the Credit Card Accountability Act was passed and now interest rates have risen as predicted.  That can't have anything to do with such wonderfully named legislation, so it must be the fault of the GOP!  

    The same clowns now claim they can reduce health care costs.  

    Seems to me that a public option (none / 0) (#4)
    by andgarden on Wed Nov 18, 2009 at 08:41:40 PM EST
    is called for here. Betcha Wal-Mart would support that if it included a payment network. . .

    Parent
    Crazy (none / 0) (#3)
    by Militarytracy on Wed Nov 18, 2009 at 08:20:11 PM EST


    Credit Card Accountability Act (none / 0) (#5)
    by MikeDitto on Wed Nov 18, 2009 at 09:02:40 PM EST
    It has been introduced every Congress since 2005, in the Senate by Chris Dodd and in the House by then-Rep. Mark Udall from Colorado (in the video), who originally authored the bill.

    To Abdul, the bill passed but it hasn't taken effect yet. This is just credit card companies gouging consumers as punishment for minimal regulation. It's disgusting, and it's unconscionable that the Republicans are willing to obstruct putting a stop to that gouging when the original bill passed with over 3/4 of the Senate in support and the House passed the rate freeze bill 331-92.

    Republicans love credit card companies and hate consumers.

    effects (none / 0) (#6)
    by Abdul Abulbul Amir on Wed Nov 18, 2009 at 09:38:55 PM EST

    ...the bill passed but it hasn't taken effect yet.

    You are witnessing the effects.  Now.  

    Parent

    No (5.00 / 3) (#7)
    by MikeDitto on Wed Nov 18, 2009 at 10:32:55 PM EST
    You are witnessing corporations committing all the criminal acts they can before they become criminal acts.

    Parent
    Well then (none / 0) (#8)
    by Socraticsilence on Wed Nov 18, 2009 at 11:23:37 PM EST
    might as well pass the bill- after all the effects are already in place according to you so it could only improve the situation.

    Parent
    For Republicans (none / 0) (#9)
    by MikeDitto on Thu Nov 19, 2009 at 01:15:54 AM EST
    Every day is opposite day.

    Parent
    I'm not saying that at all. (none / 0) (#11)
    by Abdul Abulbul Amir on Thu Nov 19, 2009 at 06:23:12 PM EST

    Passage of that act has had negative consequences that were predicted before its passage.  There should be no suprise that consumer credit being more costly due to the act is now more expensive in consequence.

    Parent
    Something is in it (none / 0) (#10)
    by Wile ECoyote on Thu Nov 19, 2009 at 05:47:35 AM EST
    for Dodd.  A new cottage perhaps?  

    GOP Protects Credit Card Companies | 11 comments (11 topical)

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