Govt Approved Rape by Credit Card Company
Isn’t ist nice that the govt finally figured out what people have been telling them for years. Mainly, that they were being raped by the credit card companies and the banks.
Well, today the govt decided the credit card companies were/are raping you and they’ve dcided to pass some new regulations to prevent your rape. They even admitted that perhaps regulations were a little lax. A little lax? Sheesh, govt speak for uh, we didn’t have the people to monitor what they were doing.
Sheesh. So the govt admits you’re getting raped and passes some regulations against it. But, is the govt rally concerned you’re being raped? Nah, matter of fact, they just sanctioned your continued rape until the new regulations take effect in 2010.
So the govt now knows you’re being raped but it doesn’t really care as it’s going to allow it to continue for another 18 months. To bad they don’t seem to nderstand the credit card companies that are raping you are part of the problem with the financial mess in this country.
The rates they are now allowed to charge and the practices they’ve been doing would have goten you thrown in jail 30 years ago for racketeering and loan sharking, at the least. Probably some federal conspiracy charges as well. When and why did it become legal for the credit card companies to rape you and why is the govt continuing to sanction it even when it knows it’s wrong.
Perhaps all of this is why we are going to have a Democrat for president?
December 23rd, 2008 at 5:47 pm
[...] repeatedly with interest rates that got people sent to jail 30 years ago. If that isn’t credit card rape I don’t know what is. Ya see, if it isn’t happening to the people in congress, it [...]
December 27th, 2008 at 4:28 pm
[...] read about what the govt thinks of the high interest rates charged by the credit card companies at Govt Approved Leave a [...]