On Dec 18, 10:33 pm, nada wrote:
wrote:
On Dec 18, 9:29 pm, John wrote:
On Thu, 18 Dec 2008 21:07:21 -0500, "Eisboch" wrote:
There may be a bit of a silver lining to the economic mess we are in.
In addition to exposing Wall Street frauds and con artists, the attention
given to the problems is starting to light a fire under some Congress
Critters and causing them to clean up their own acts.
Just saw a investigative report on CNN. The reported was digging into a
credit card reform bill that has been languishing in Congress for almost 3
years. The proposed bill (now being or has been passed) prevents credit
card issuers from doing things like raising interest rates on previous
balances and requires a 45 day notice to give the holder an opportunity to
shop for other card providers.
But, this bill has been sitting in Congress for years. When Chris Dodd, the
Chairman of the Senate Banking Committee was asked why no action had been
taken until now, his comment was "We've tried but have met with strong
resistance from the banks who issue the cards."
Now, what the *hell* does *that* mean? The bank is holding Congress
hostage? What a wimpy answer.
Eisboch
Unless I heard wrong, it doesn't take effect for a year and a half.
--
We say, "MERRY CHRISTMAS!"

John- Hide quoted text -

- Show quoted text -

Chris Dodd is a bought and paid for piece of ****.... He has never
done anything for CT. but sell our jobs.

Three biggest reciepeints of Fannie and Freddie money in the last few
years, in order:
Chris Dodd
Barak Obama
John Kerry

but the dems say the fact that banks were forced to make bad loans and
left unregulated was the GOP.. pffffttt....

Show me anyone up there that is representing us. Please!

Unfortunately, "They" do not represent us either at the national level
nor at the state level. Blago did not represent his constituents and
here in FL our legislature does not really represent us. The level of
corruption due to lobbyists is extreme but I cannot figure out a good
way to stop it. It has been a problem sinc eth ebeginning of
representative democracy. I'd be interested in seeing some thoughts
on combatting the corruption.