Congressional Democrats — the same Democrats who delayed implementation of their credit card reform bill for nine months — just didn’t anticipate that the country’s credit card issuers would race to exploit that postponement by hiking rates in the meantime.
Or did they?
In a letter today to More…
We just put up a piece about how the Democrats’ legislative efforts to make credit cards more consumer friendly have been delayed, likely until July 2010, when new consumer protections crafted by the Federal Reserve will be installed anyway. It was probably inevitable that the banks would try to More…
Tonight, President Obama is reiterating his plan for getting the country’s economy back on track, the emphasis again on investments in health care, energy, education and infrastructure — the tangible, bricks- and-mortar types of things that are decidedly not reliant on housing bubbles and credit default swaps.
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