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Frank Rich mentions "Financial Product Safety Commission"
Frank Rich mentions Hillary's plan for a "Financial Product Safety Commission" (FPSC) as a hastily slapped together commission to try to solve a problem facing the Ohio voters as Hillary scrounges for votes.
I don't support Hillary, but Prof. Liz Warren's FPSC is an ABSOLUTE must-have in the next 4 years. The family finance nightmare must take center stage now.
The real reason families can't afford health care? Credit Card bills, late payment fees, "phantom" fees, "universal default", and pay-day loans at 400% APR. CC companies do not produce real "goods" for society. They are bear traps designed to bleed people dry slowly and methodically over time.
The FPSC should be be estalished in the First 100 Days. "If it's good enough for microwaves, it's good enough for mortgages." -- Prof. Warren
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February 27, 2008 11:05 PM | Reply | Permalink
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