Archive for category Politics
How much do you want to bet the Credit Card Bill of Rights has unintended consequences?
Here are the clues:
* Democratic congress
* “Protecting the consumer”
* Increased regulation
Anna
Why do citizens give credit or blame the the President for a good or bad economy?
The President has virtually nothing to do with the economy. Well, nothing good, anyway. Businesses and employees are the ones that produce the goods and provide the services that consumers want and need.
All the politicians can do is manipulate the system and confiscate the pick the pockets of the people in order to pay for their pet projects and to benefit those who helped them get elected.
Lillie
Gasoline $3+/gal, food getting too expensive, housing costs soaring, credit out of control; to whose benefit?
What is the matter with intelligent average Americans?
The rich white Americans are getting rich at every other American’s expense!
Buy Americans BUY!
That was GW Bush’s call after 911!!!!
This credit debacle wasn’t created by the consumer as much as it was manipulated by the wealthy at the expense of everyday Americans!
There is blame to go around!
In the end it is the individuals responsibility but the Elite took full advantage of the situtation!
Karl
Why didn’t Bush ever pursue credit card protection for consumers, Obama just got 95 Senators to vote Yes?
So why was Bush so corporate driven, why didn’t he give a crap about everyday Americans?
Did Bush ever have 95 Senators agreeing with him?
TyranusXX…No you are wrong about credit companies, Visa, Master Card, AE, and others exist to extend credit, that right wing talking point is absurd.The differnce now is consumers have a bill of rights.
Lynn
Do you think that the Federal Reserve is living up to its mission statement?
The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.
Today, the Federal Reserve’s duties fall into four general areas:
•conducting the nation’s monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
•supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers
•maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
•providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system
Lee