And the beat goes on... After having to give them our tax dollars a big thank you from the banking industry: Credit card rate increases (when the Fed's lowered their rate to almost 0). Thank you very much!
What is interesting is that apparently there are regulations in the works but the bill has languished in the Senate since September. The chairman of the Senate Banking Committee Christopher Dodd received more than $4 million from the financial sector during the last campaign, according to campaign records. So I don't think he wants to bite the hands that feeds him...
Read all about it here
Thursday, December 18, 2008
Subscribe to:
Posts (Atom)
Posts
