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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-19-09 09:40 PM
Original message
Poll question: I understand, at least broadly, what is in the credit card bill and I think it ......
Edited on Tue May-19-09 09:52 PM by Stinky The Clown
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-19-09 09:54 PM
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1. What are so many of you unhappy about? The only thing I don't like is that it doesn't have a cap
on allowable interest rates.
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-19-09 10:02 PM
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3. The lack of a rate cap is the sticking point
Its the elephant in the room, the ONE thing that should have been in the bill.........if Congress wasnt determined to serve the banks instead of their voters.



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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-19-09 10:00 PM
Response to Original message
2. From what I understand, it sets much of the regulatory clock only
back to 2002, which is why it got such solid bipartisan support in the Senate.

It's not good. In fact, it's pretty bad. But it's a first step.
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stray cat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-19-09 10:13 PM
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4. No cheap credit - why would there be? Loansharks and credit cards
give loans without collateral - at least the bill prevents the out and out falsehoods of credit cards.
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Coyote_Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-19-09 10:45 PM
Response to Original message
5. Even the Bible has
exhortations against usury.

I guess all those Bible thumping right wingers didn't notice.

And the Dems have been bought and paid for by the bankers.

We consumers are fucked.
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