So many people are upset because people will be allowed to carry guns and defend themselves, and are mad because someone poured water on a terrorist, yet most have no problem with abortion.
So many people are upset because people will be allowed to carry guns and defend themselves, and are mad because someone poured water on a terrorist, yet most have no problem with abortion.
Actually, most people here seem upset that a law allowing people to take guns into public parks full of children and endangered wildlife was part of a bill about credit card reform... what do guns and national parks have to do with credit card policies?
So many people are upset because people will be allowed to carry guns and defend themselves, and are mad because someone poured water on a terrorist, yet most have no problem with abortion.
Actually, most people here seem upset that a law allowing people to take guns into public parks full of children and endangered wildlife was part of a bill about credit card reform... what do guns and national parks have to do with credit card policies?
So many people are upset because people will be allowed to carry guns and defend themselves, and are mad because someone poured water on a terrorist, yet most have no problem with abortion.
Actually, most people here seem upset that a law allowing people to take guns into public parks full of children and endangered wildlife was part of a bill about credit card reform... what do guns and national parks have to do with credit card policies?
kinda thought that was self explanatory...but then again, this is the moving train :roll:
So many people are upset because people will be allowed to carry guns and defend themselves, and are mad because someone poured water on a terrorist, yet most have no problem with abortion.
Actually, most people here seem upset that a law allowing people to take guns into public parks full of children and endangered wildlife was part of a bill about credit card reform... what do guns and national parks have to do with credit card policies?
kinda thought that was self explanatory...but then again, this is the moving train :roll:
hahahahaha.
so true!
also how so, so, so many discussions get derailed.....b/c someone throws in abortion, or polygamy, and gets totally off the actual topic at hand.
so this passed.....WITH this line item still in there?
how and who in the hell stuck that in there?
how is this legal?
wtf does it have to do with credit card reform?
and i guess i have been a bit in the dark about this whole thing, i did not realize this happened with great frequency. sweet bejeebus, that is fucked. go and work towards what, overall, should be a 'good thing'...and some entirely unrelated item gets passed right with it, stuck in there, no rhyme or reason that makes sense. grrrrr.
So many people are upset because people will be allowed to carry guns and defend themselves, and are mad because someone poured water on a terrorist, yet most have no problem with abortion.
and where do you stand on these issues?
I'm for concealed carry and the 2nd Amendment, for doing what it takes to get information out of a murderer of innocent lives and if it would save more, and against abortion except for certain situations. Irresponsibility not being one of them.
As far as it being snuck in on a seemingly unrelated bill, well that is the political state we live in. Start voting for a third party if you want it to change.
Haven't gotten to deep into this story yet, but if it involves the government interfering in contracts, I would have a problem with that. If it involves the government protecting the consumer from fraud on the part of the credit card companies, I wouldn't have a problem with that.
You see congress should have legislated a ceiling on regular interest rates limiting them to 5 points above prime and on punitive rates requiring them to be no more than ten points above prime. But Obama and the Democrats and of course the republicans caved into special interest rates and left out any interest rate controls.
congress needs to act, yet the credit card companies and massive campaign donations succeed in buying off enough dems and all the republicans to kill any limits on the interest rates so companies can continue to charge basic rates of 18% and then up to 30% as punishment for being a few days late
The high rates charged by credit card companies obviously do a great deal to impede consumer spending and drive families into bankruptcy. I might be wrong but I think the average credit card balance for those who have such debt is some where around $10-13,000
Haven't gotten to deep into this story yet, but if it involves the government interfering in contracts, I would have a problem with that. If it involves the government protecting the consumer from fraud on the part of the credit card companies, I wouldn't have a problem with that.
You see congress should havelegislated a ceiling on regular intrest rates limiting them to 5 points above prime and on punitive rates requiring them to be no more than ten points above prime. But Obama and the Democrats and of course the republicans caved into special intrest rates and left out any interest rate controls.
congress needs to act, yet the credit card companies and massive campaine donations succeed in buying off enough dems and all the republicans to kill any limits on the intrest rates so companies can continue to charge basic rates of 18% and then up to 30%
The high rates charged by credit card companies obviously do a great deal to impede consumer spending and drive famalies into bankrupcy. I might be wrong but I think the average credit card balence for those who have such debt is some where around $10-13,000
The widely heralded credit card reform legislation making its way through congress is a sellout to the credit card companies.Obama has proposed and congress has passed a series of minor reforms that deal with the fringes of the problem-late billings,retroactive interest rate hikes,misapplication of payments as such. But fail to reform the most basic offense of the companies: their usury.
Also in 1979 credit card interest rates was subject to usury limits of the various states ,But the supreme court emasculated these limits by ruling that the state of the lender ,not the borrower ,had the sole power to legislate interest limits. South Dakota swiftly jumped into the void the court created,eliminating any usury limits. All the credit card companies moved their and took advantage of the regulatory vacuum to hike up their rates to unconscionable levels
I think it's cruel to see Obama offering the illusion of hope for credit card victims while denying them real relief.
So many people are upset because people will be allowed to carry guns and defend themselves, and are mad because someone poured water on a terrorist, yet most have no problem with abortion.
Actually, most people here seem upset that a law allowing people to take guns into public parks full of children and endangered wildlife was part of a bill about credit card reform... what do guns and national parks have to do with credit card policies?
What if you use a credit card to buy the gun?
everybody wants the most they can possibly get
for the least they could possibly do
Well if you pay it on time you don't have much to worry about, right?
People should know that they are playing with fire, yet here is another law coming out to protect the stupid and weak.
With power comes responsibility. We have laws against fraud specifically to protect people from using specialized knowledge to take advantage of those that do not have it. You cannot make up problems with a car to milk a customer out of money for repairs that are unnecessary. A doctor cannot browbeat you into obtaining unnecessary procedures because they're expensive and he makes $ from it. As an attorney, I should not abuse my legal knowledge to cheat you out of a contract that I know you don't understand by hiding/burying information that nobody other than me can figure out. And credit card companies should not be able to do this either. I went to a top notch national law school and had classmates that were also getting MBA's from our partner national business school. NONE of us can make a damn bit of sense of a credit card agreement. They are written specifically to be misleading, to bury important information, and to confuse consumers in order to take advantage of and defraud them. That's wrong. And when you consistently demonstrate that your industry is unwilling to regulate itself and conduct business ethically, then it is entirely appropriate for the government to regulate that industry to protect consumers.
Comments
and where do you stand on these issues?
Actually, most people here seem upset that a law allowing people to take guns into public parks full of children and endangered wildlife was part of a bill about credit card reform... what do guns and national parks have to do with credit card policies?
+1
kinda thought that was self explanatory...but then again, this is the moving train
hahahahaha.
so true!
also how so, so, so many discussions get derailed.....b/c someone throws in abortion, or polygamy, and gets totally off the actual topic at hand.
so this passed.....WITH this line item still in there?
how and who in the hell stuck that in there?
how is this legal?
wtf does it have to do with credit card reform?
and i guess i have been a bit in the dark about this whole thing, i did not realize this happened with great frequency. sweet bejeebus, that is fucked. go and work towards what, overall, should be a 'good thing'...and some entirely unrelated item gets passed right with it, stuck in there, no rhyme or reason that makes sense. grrrrr.
Let's just breathe...
I am myself like you somehow
I'm for concealed carry and the 2nd Amendment, for doing what it takes to get information out of a murderer of innocent lives and if it would save more, and against abortion except for certain situations. Irresponsibility not being one of them.
As far as it being snuck in on a seemingly unrelated bill, well that is the political state we live in. Start voting for a third party if you want it to change.
You see congress should have legislated a ceiling on regular interest rates limiting them to 5 points above prime and on punitive rates requiring them to be no more than ten points above prime. But Obama and the Democrats and of course the republicans caved into special interest rates and left out any interest rate controls.
congress needs to act, yet the credit card companies and massive campaign donations succeed in buying off enough dems and all the republicans to kill any limits on the interest rates so companies can continue to charge basic rates of 18% and then up to 30% as punishment for being a few days late
The high rates charged by credit card companies obviously do a great deal to impede consumer spending and drive families into bankruptcy. I might be wrong but I think the average credit card balance for those who have such debt is some where around $10-13,000
I'll be damned... you and I agree on something!
Also in 1979 credit card interest rates was subject to usury limits of the various states ,But the supreme court emasculated these limits by ruling that the state of the lender ,not the borrower ,had the sole power to legislate interest limits. South Dakota swiftly jumped into the void the court created,eliminating any usury limits. All the credit card companies moved their and took advantage of the regulatory vacuum to hike up their rates to unconscionable levels
I think it's cruel to see Obama offering the illusion of hope for credit card victims while denying them real relief.
What if you use a credit card to buy the gun?
for the least they could possibly do
People should know that they are playing with fire, yet here is another law coming out to protect the stupid and weak.
What kind of relief should they get? I don't believe they should get anything.
With power comes responsibility. We have laws against fraud specifically to protect people from using specialized knowledge to take advantage of those that do not have it. You cannot make up problems with a car to milk a customer out of money for repairs that are unnecessary. A doctor cannot browbeat you into obtaining unnecessary procedures because they're expensive and he makes $ from it. As an attorney, I should not abuse my legal knowledge to cheat you out of a contract that I know you don't understand by hiding/burying information that nobody other than me can figure out. And credit card companies should not be able to do this either. I went to a top notch national law school and had classmates that were also getting MBA's from our partner national business school. NONE of us can make a damn bit of sense of a credit card agreement. They are written specifically to be misleading, to bury important information, and to confuse consumers in order to take advantage of and defraud them. That's wrong. And when you consistently demonstrate that your industry is unwilling to regulate itself and conduct business ethically, then it is entirely appropriate for the government to regulate that industry to protect consumers.
Doing Everything But Thinking
D. E. B. T.