Obama Seeks to protect credit card users

A great article in the Cristian Science Monitor that talks about Obama putting the credit card companies on notice that he wants to see change and it was not unsurprising that the tone of the article was that the credit card companies were resiting. What We find to be quite ludicrous is that just like the sub prime crisis their bad lending is a major part of the problem and fueling other problems like divorces and bankruptcy of the little guy caught in their excellent marketing traps and they are using the fact that the problem that they help cause is the reason that they should be allowed to continue doing what they were doing in the first place.

We hope that some where along the line there are some class action suits against these banks and they put them out of business.


The Credit Card companies had a agenda and they won for the last 8 years, now the pendulum turns and heads the other way, and should it lop off a few of these banks that are part of the problem of this historic time that is seeing unprecedented numbers of bankruptcy and divorces to the little guy, fueled in part by their legal loan sharking practices, so be it!