Credit card joke
Take a good look at the blog title, baby. 'Cause that's what's going on with this new law that is being pitched to the government stiffsuits. Rep. Carolyn Maloney pulled the curtain up on her new pitch, the Credit Cardholders' Bill of Rights. It's your typical pile of you-know-what, prettied up to look like Congress is doing something besides sitting on their thumbs.The single biggest laugh I got from the article was from Sen. Carl Levin from the Motor City State. The newsboys quoted him as saying "If this is going to be resolved, it has to be resolved here in Congress." Heh. Heh. Heh.
The joes and jills who say stuff like that probably fix themselves a big bowl of stupid for breakfast. Let's say they pass some law that says you can't charge more than 10%. What keeps me from charging up 8 grand worth of stuff and then not paying? ME, THAT'S WHO!
If you're out of debt, the credit card companies can jack their rates up so high that Capone would be asking for mercy. When you don't have credit card debt, you don't have payments. You don't dish out more dough in interest charges. You have cash to save, give and spend. Do you dig?
1 Comments:
Your comments on the credit card industry are far too kind. To use the vernacular, they're pondscum. And their little minions in Washington are just going to act like the good little employees that they are.
While I disagree with Dave about the very limited use of credit cards (I'm not an absolutist in that sense), you should avoid dealing *at all* with the megabanks and major credit card issuers, and avoid using credit union issued credit cards.
People who lie with dogs eventually get fleas.
Chip in Tidewater
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