Archive for May 19, 2009

credit card bill

Posted in Uncategorized on May 19, 2009 by urstupidnourstupid

http://townhall.com/news/politics-elections/2009/05/19/credit_card_reforms_up_for_senate_vote

If they completely restrict the ability to raise rates then that will make it more expensive for everyone or access will be severly limited. These are unintended consequences that must be considered. However that being said, I heard someone on a financial show say that his credit card rate was raised to 64%. The host validated it by having the customer fax in his statement. So as hard as it is for me to say. Hold on now. I’m going to type it. If I can just get the words out without choking on my conservative capitalist principles……………………….. Yes we need some regulation in the credit card industry. There, I said it. I hope your happy now. 🙂