You can quit worrying about your credit card debts. His Obamaness rides to the rescue, another czar in tow.
Elizabeth Warren will organize a new consumer protection bureau to shield Americans who can't read contracts from the wrath of credit card companies who wish to have debts repaid.
We are cheered to observe that she is a Harvard professor, hence prefectly qualified to function within the Ministry of Plenty.
.
4 comments:
Sure, I agree, we need another "Czar" like we need ... Obama. Or bone cancer.
But it would actually be nice if the damned credit card contracts meant something besides "you have no rights under this contract." Because if all the contract seems to say is "Terms and rates subject to change without notice," and "We'll decide when your payment is late, even/especially if it isn't," well then...
Me, I serve as my own credit card czar, and just don't do credit cards anymore.
I don't much like those guys either. Some of them are candidates for public horse whipping.
But if that kind of consumer credit is regulated into marginality, the only alternative for many borrowers will be Luigi at the candy store, 40 per cent a week.
We can also work for a brighter day when we will again produce, in quantity, citizens like my dad. "I'm saving up for a new car."
OH boy, and I was so happy to have my house plummet in value, losing tens of thousand in equity as the market crashed so all the people that couldn't read mortgage contracts could have their house too!.
Yes, I'm a little P.O.d about that. But hey, I get a stimulus check to help out. No I don't, I make too much money to stimulate the economy, but my friend G, who isn't even a U.S. citizen got one.
When is the election?
If they are unable to read the contract, how did they fill out the application?
The central government: making me seem like Adrian Monk in comparison.
Post a Comment