Good morning, everyone! Before we get started, I’d like to address a scurrilous rumour that due to last week’s “Obsession” getting front-paged by Kos himself, I’ve become insufferably immodest.
Not true.
I was insufferably immodestlong before that.
Peasant.
Now that that canard has flown innuendo, let’s cycle the airlock and see what putrid posts the Freeperati have to offer…
Our appalling appetizer –Apparently Freepers don’t have credit cards!
Credit-Card Fees Curbed
The Wall Street Journal ^
| 05-20-09
| SUDEEP REDDY
Posted onWednesday, May 20, 2009 6:28:09 AM byGOP_Lady
Sweeping new restrictions on credit-card companies would ban extra
fees and fluctuating rates and arm tens of millions of consumers with
more information on their debts.
Starting in February 2010, a
Senate bill passed Tuesday would ban practices such as charging
consumers to pay by phone and sudden surges in interest rates. Payments
above the minimum due would be applied to balances with the highest
interest rates. Information once relegated to tiny print must be made
clearer, and consumers will soon be told how long it would take to pay
off a balance if they pay only the minimum due.
To: GOP_Lady
This will simply make it more difficult for marginally creditworthy consumers to get credit.
5
posted on
Wednesday, May 20, 2009 6:32:19 AM
by
Mr Ramsbotham
(“Baldrick, to you the Renaissance was just something that happened to other people.”)
Um – hasn’t that been part of the problem?
To: GOP_Lady
I know many people who will be happy to see this type of government control.
The problem was not the credit card companies/banks but people
living way beyond their means. If this were not the case they could
take their business elsewhere.
It’s not good news if freedom is what you’re after.
When the governmnet(sic) “lightens your load” in one instance it doubles, triples, or quadruples it in another.
7
posted on
Wednesday, May 20, 2009 6:34:10 AM
by
Boucheau
Boucheau is seriously conflicted here.
On the one hand, he disagrees with Mr. Ramsbotham that people living beyond their means is a problem. Or maybe it is.
In the next sentence, he allows that in either case, this is bad news for Freedom.
They do, however, agree that any legislation signed into law by President Obama is bad, because he’s Obama.
To: ninonitti
Another example of redistributing wealth and scr… responsible people who pay their bills on time etc…
Yeah! Because of the part of the bill that restricts interest rate increases.
These people clearly inhabit Bizarro-world.
The only “wealth redistribution” I see in credit card-land is out of working stiffs’ pockets to MBNA.
To: JDW11235
“I also don’t necessarily agree it’s the CC companies’ job to educate them.”
The terms are very clearly laid out in the CC agreements.
Most people are too lazy to read them.
Most people are too stupid to read what they sign and deserve to be had more than they are!
47
posted on
Wednesday, May 20, 2009 7:39:40 AM
by
dalereed
Those poor old financial institutions! Stupid people need to have clauses in their credit card contracts that obligate them to be sent off to a work farm, because they’re stupid, and banks are all nice and stuff.
And of course, there always has to be a killjoy:
To: Boucheau
The problem was not the credit card companies/banks but people living way beyond their means.
No, that’s not necessarily true at all. In the past, I’ve been in
situations (major car and home repairs, medical bills, and wholly
unexpected college/university fees) in which I would have been royally
screwed if I did not have a credit card to back me up.
The
credit card companies are in fact THE problem, with their fraudulent
lending and pricing policies, and countless pitfalls, any one of which
leads to major fees and interest rate hikes at usury levels, courtesy
of those fine-print “Important Amendments” we all get in the mail from
time to time. The whole system, as it is now constituted, is one big
debt trap.
Having been screwed myself by my credit card issuers
in the past, I actually agree with Obama on the need for this
legislation because this industry is wildly out of control, with prior
congressional complicity (Kennedy, Biden, and Dodd).
Sorry to burst some bubbles on this thread, but even a clock is right twice a day.
12
posted on
Wednesday, May 20, 2009 6:45:36 AM
by
Virginia Ridgerunner
(Sarah Palin is a smart missile aimed at the heart of the left!)
That’s“Stopped clock”:.
Communist.
Well, more and sillier Republicans after the jump, so follow me into the dark, children…
Continue reading “Today on Tommy T’s Obsession With The Freeperati – mixed bag o’ nuts edition”