Credit Card Act of 2009: A Good Start
What do you call 17 credit card banks at the bottom of the ocean? Beyond the obvious title, I would hope it would be a partly cloudy day above their place in the sun and surf (shielding them from the harsh rays above).
They deserve a bit of sunscreen after being sheltered from ethical responsibility by toadies in Congress since the 1940s. The tricks and traps credit card companies use to unpatriotically fleece the American people have been well documented.
President Obama struck a blow for ethical business practices when he set an effective date that the Parasites in Pinstripes (TARP recipients) would have to stop sucking consumers' blood and bribing younger generations to follow suit. Of course, with its teeth stained and tongues clucking, the vampire industry has strenuously objected to the Credit Card Act of 2009 via its powerful lobby.
Despite that, the Obama Administration and Congress have reportedly allowed most of the key provisions to survive the bank lobby's onslaught.
Once upon a time, usury was evil. I'll go with the bestseller on that rule.
