So, just like a "thought of the day" or a "word of the day," I will be showcasing our president's accomplishments here. Today's WTF...
Established a Credit Card Bill of Rights, preventing credit card companies from imposing arbitrary rate increases on customers.
5 comments:
Wow.
Here, maybe this will help.
Sorry for two comments, but I just found this and I think it complements the first.
Established a Credit Card Bill of Rights, preventing credit card companies from imposing arbitrary rate increases on customers.
...as opposed to letting them set rates that will make them a profit, and then dealing with competitors who will try to entice those customers away with.... anyone?
...lower rates.
Is this some kind of subtext to the ludicrous "credit is a civil right" argument?
Greece is the word
Greece is the word, is the word that you heard
It's got groove it's got meaning
Greece is the time, is the place is the motion
Greece is the way we are feeling
Not getting it all, DT. The credit card act is about protecting consumers against force and fraud. It's not that it's a civil right. And enough with the Greece comparison. It's simple fear mongering. The credit rating of our country, not to mention our vast wealth, is not even in the same arena as Greece.
The credit card act is about protecting consumers against force and fraud.
Are you forced to use a credit card? Can you cite a body of case law where credit companies are violating the contract the customer voluntarily entered into? If not, then you can't show force or fraud.
Please understand, I'll freely admit I'm completely ignorant on this subject. But if the right to make such changes was in the contract and the customer accepted it, then the "Bill of Rights" is only protecting the consumer's "right" not to have to understand a contract before he enters into it.
So... you're right, I don't get it. And before I do, I'll need some actual substantiation for the open attack of "credit card companies from imposing arbitrary rate increases on customers." The mere statement by itself doesn't prove anything. Clarify, please. Show me what it actually does, and what actual events prompted it, rather than fantasies equivalent to Obama's tonsil goblins and foot rustlers he made up for the healthcare debate.
And enough with the Greece comparison. It's simple fear mongering.
Not getting it at all, Tess. It's not fearmongering that we're turning into Greece. It's hilarity combined with sadness that Democrats so tend to resemble Greek citizens, prepared to riot over cuts in their bread and circuses.
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