Thursday, May 21, 2009

The Credit Card Reform Bill is Crap!

All smoke and mirrors, folks. Sound and fury signifying almost nothing. Yeah, they scored some incremental points but interests rates basically went unchecked.

Credit card companies can and will continue to hammer people with usurious interest rates. And as they have blithely skipped past the most corrupt aspect of the credit card industry, I give the federal government a "fail" on this one.

Good word to look up sometime: usury.