Congress and Obama Want to Foist Another Wasted Chance Law on Us
Credit Card Legislation, Chris Dodd, Barack Obama, Sellout to the credit card companies.
By Jerry McConnell —— Bio and Archives--May 23, 2009
American Politics, News | Comments | Back To Full Article
As is typical of Senator Chris Dodd, D-CT, with much flair and ballyhoo, introduced legislation to our Congress, aimed at stopping credit card practices that drag consumers into staggering amounts of debt.
He must have felt some shame or remorse after having been so up to his eyeballs in hot water for his questionable ethics in the handling of the bailouts for Fannie Mae and Freddie Mac, and his financial benefits from those two troubled agencies. But undaunted and un-fearing he bravely put forth his efforts to keep credit card companies from helping to drive borrowers into the murky depths of credit card debt.
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