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#1
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There may be a bit of a silver lining to the economic mess we are in.
In addition to exposing Wall Street frauds and con artists, the attention given to the problems is starting to light a fire under some Congress Critters and causing them to clean up their own acts. Just saw a investigative report on CNN. The reported was digging into a credit card reform bill that has been languishing in Congress for almost 3 years. The proposed bill (now being or has been passed) prevents credit card issuers from doing things like raising interest rates on previous balances and requires a 45 day notice to give the holder an opportunity to shop for other card providers. But, this bill has been sitting in Congress for years. When Chris Dodd, the Chairman of the Senate Banking Committee was asked why no action had been taken until now, his comment was "We've tried but have met with strong resistance from the banks who issue the cards." Now, what the *hell* does *that* mean? The bank is holding Congress hostage? What a wimpy answer. Eisboch |
#2
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posted to rec.boats
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On Thu, 18 Dec 2008 21:07:21 -0500, "Eisboch" wrote:
There may be a bit of a silver lining to the economic mess we are in. In addition to exposing Wall Street frauds and con artists, the attention given to the problems is starting to light a fire under some Congress Critters and causing them to clean up their own acts. Just saw a investigative report on CNN. The reported was digging into a credit card reform bill that has been languishing in Congress for almost 3 years. The proposed bill (now being or has been passed) prevents credit card issuers from doing things like raising interest rates on previous balances and requires a 45 day notice to give the holder an opportunity to shop for other card providers. But, this bill has been sitting in Congress for years. When Chris Dodd, the Chairman of the Senate Banking Committee was asked why no action had been taken until now, his comment was "We've tried but have met with strong resistance from the banks who issue the cards." Now, what the *hell* does *that* mean? The bank is holding Congress hostage? What a wimpy answer. Eisboch Unless I heard wrong, it doesn't take effect for a year and a half. -- We say, "MERRY CHRISTMAS!" John |
#3
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posted to rec.boats
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On Dec 18, 9:29*pm, John wrote:
On Thu, 18 Dec 2008 21:07:21 -0500, "Eisboch" wrote: There may be a bit of a silver lining to the economic mess we are in. In addition to exposing Wall Street frauds and con artists, *the attention given to the problems is starting to light a fire under some Congress Critters and causing them to clean up their own acts. Just saw a investigative report on CNN. *The reported was digging into a credit card reform bill that has been languishing in Congress for almost 3 years. * The proposed bill (now being or has been passed) *prevents credit card issuers from doing things like raising interest rates on previous balances and requires a 45 day notice to give the holder an opportunity to shop for other card providers. But, this bill has been sitting in Congress for years. *When Chris Dodd, the Chairman of the Senate Banking Committee was asked why no action had been taken until now, his comment was "We've tried but have met with strong resistance from the banks who issue the cards." Now, what the *hell* does *that* mean? * The bank is holding Congress hostage? *What a wimpy answer. Eisboch Unless I heard wrong, it doesn't take effect for a year and a half. -- We say, "MERRY CHRISTMAS!" John- Hide quoted text - - Show quoted text - Chris Dodd is a bought and paid for piece of ****.... He has never done anything for CT. but sell our jobs. Three biggest reciepeints of Fannie and Freddie money in the last few years, in order: Chris Dodd Barak Obama John Kerry but the dems say the fact that banks were forced to make bad loans and left unregulated was the GOP.. pffffttt.... |
#4
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posted to rec.boats
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#5
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posted to rec.boats
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Eisboch wrote:
There may be a bit of a silver lining to the economic mess we are in. In addition to exposing Wall Street frauds and con artists, the attention given to the problems is starting to light a fire under some Congress Critters and causing them to clean up their own acts. Just saw a investigative report on CNN. The reported was digging into a credit card reform bill that has been languishing in Congress for almost 3 years. The proposed bill (now being or has been passed) prevents credit card issuers from doing things like raising interest rates on previous balances and requires a 45 day notice to give the holder an opportunity to shop for other card providers. But, this bill has been sitting in Congress for years. When Chris Dodd, the Chairman of the Senate Banking Committee was asked why no action had been taken until now, his comment was "We've tried but have met with strong resistance from the banks who issue the cards." Sun light is a bitch. Now, what the *hell* does *that* mean? The bank is holding Congress hostage? What a wimpy answer. It all gets back to campaign contributions. |
#6
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posted to rec.boats
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On Dec 18, 10:33 pm, nada wrote:
wrote: On Dec 18, 9:29 pm, John wrote: On Thu, 18 Dec 2008 21:07:21 -0500, "Eisboch" wrote: There may be a bit of a silver lining to the economic mess we are in. In addition to exposing Wall Street frauds and con artists, the attention given to the problems is starting to light a fire under some Congress Critters and causing them to clean up their own acts. Just saw a investigative report on CNN. The reported was digging into a credit card reform bill that has been languishing in Congress for almost 3 years. The proposed bill (now being or has been passed) prevents credit card issuers from doing things like raising interest rates on previous balances and requires a 45 day notice to give the holder an opportunity to shop for other card providers. But, this bill has been sitting in Congress for years. When Chris Dodd, the Chairman of the Senate Banking Committee was asked why no action had been taken until now, his comment was "We've tried but have met with strong resistance from the banks who issue the cards." Now, what the *hell* does *that* mean? The bank is holding Congress hostage? What a wimpy answer. Eisboch Unless I heard wrong, it doesn't take effect for a year and a half. -- We say, "MERRY CHRISTMAS!" John- Hide quoted text - - Show quoted text - Chris Dodd is a bought and paid for piece of ****.... He has never done anything for CT. but sell our jobs. Three biggest reciepeints of Fannie and Freddie money in the last few years, in order: Chris Dodd Barak Obama John Kerry but the dems say the fact that banks were forced to make bad loans and left unregulated was the GOP.. pffffttt.... Show me anyone up there that is representing us. Please! Unfortunately, "They" do not represent us either at the national level nor at the state level. Blago did not represent his constituents and here in FL our legislature does not really represent us. The level of corruption due to lobbyists is extreme but I cannot figure out a good way to stop it. It has been a problem sinc eth ebeginning of representative democracy. I'd be interested in seeing some thoughts on combatting the corruption. |
#7
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posted to rec.boats
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On Dec 18, 10:49*pm, BAR wrote:
Eisboch wrote: There may be a bit of a silver lining to the economic mess we are in. In addition to exposing Wall Street frauds and con artists, *the attention given to the problems is starting to light a fire under some Congress Critters and causing them to clean up their own acts. Just saw a investigative report on CNN. *The reported was digging into a credit card reform bill that has been languishing in Congress for almost 3 years. * The proposed bill (now being or has been passed) *prevents credit card issuers from doing things like raising interest rates on previous balances and requires a 45 day notice to give the holder an opportunity to shop for other card providers. But, this bill has been sitting in Congress for years. *When Chris Dodd, the Chairman of the Senate Banking Committee was asked why no action had been taken until now, his comment was "We've tried but have met with strong resistance from the banks who issue the cards." Sun light is a bitch. Now, what the *hell* does *that* mean? * The bank is holding Congress hostage? *What a wimpy answer. It all gets back to campaign contributions.- Which gets back to just where did BO get his money from? It sure wasn't the newly empowered minority and college student voters. They have no money to give. He owes someone bigtime. |
#8
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#9
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posted to rec.boats
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On Dec 18, 11:37*pm, BAR wrote:
wrote: On Dec 18, 10:49 pm, BAR wrote: Eisboch wrote: There may be a bit of a silver lining to the economic mess we are in. In addition to exposing Wall Street frauds and con artists, *the attention given to the problems is starting to light a fire under some Congress Critters and causing them to clean up their own acts. Just saw a investigative report on CNN. *The reported was digging into a credit card reform bill that has been languishing in Congress for almost 3 years. * The proposed bill (now being or has been passed) *prevents credit card issuers from doing things like raising interest rates on previous balances and requires a 45 day notice to give the holder an opportunity to shop for other card providers. But, this bill has been sitting in Congress for years. *When Chris Dodd, the Chairman of the Senate Banking Committee was asked why no action had been taken until now, his comment was "We've tried but have met with strong resistance from the banks who issue the cards." Sun light is a bitch. Now, what the *hell* does *that* mean? * The bank is holding Congress hostage? *What a wimpy answer. It all gets back to campaign contributions.- Which gets back to just where did BO get his money from? *It sure wasn't the newly empowered minority and college student voters. *They have no money to give. He owes someone bigtime. 50% of his donations, $500 million, are alleged to have come from donations less than or equal to $200. I remember hearing about a guy named Good Will donating something like $27,000. And Good Will lives at the same address as a Goodwill Industries thrift shop.- Hide quoted text - - Show quoted text - 40%... and the so called "flood" of small donations was really no more than any previous campaign. The numbers were fudged by the MSM to make it look like he was getting more "grass roots" support than other candidates over the years. The Obama campaign took a lot of huge corporate and private donations, this is who they owe. The way they got around the law was to shut down the CVS address verification portion of their credit card donations entry forms on line (which is technically illegal) so they could take multiple donations over the limit from donors in smaller denominations and not get caught as the "real" identities of the donations origins could not be traced. It was a scam right from the get go. There was blatant donation fraud and illegal donations from over seas but they can't be traced either. Even the Clintons were not that bold, the Billary campaign like any other legal business/enterprise ran their donations through CVS verification... This President and the dirtiest congress in history is going to be a disaster of epic proportions. You think Billary sold us out to the Chinese, just wait... |
#10
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posted to rec.boats
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On Dec 18, 11:37*pm, BAR wrote:
wrote: On Dec 18, 10:49 pm, BAR wrote: Eisboch wrote: There may be a bit of a silver lining to the economic mess we are in. In addition to exposing Wall Street frauds and con artists, *the attention given to the problems is starting to light a fire under some Congress Critters and causing them to clean up their own acts. Just saw a investigative report on CNN. *The reported was digging into a credit card reform bill that has been languishing in Congress for almost 3 years. * The proposed bill (now being or has been passed) *prevents credit card issuers from doing things like raising interest rates on previous balances and requires a 45 day notice to give the holder an opportunity to shop for other card providers. But, this bill has been sitting in Congress for years. *When Chris Dodd, the Chairman of the Senate Banking Committee was asked why no action had been taken until now, his comment was "We've tried but have met with strong resistance from the banks who issue the cards." Sun light is a bitch. Now, what the *hell* does *that* mean? * The bank is holding Congress hostage? *What a wimpy answer. It all gets back to campaign contributions.- Which gets back to just where did BO get his money from? *It sure wasn't the newly empowered minority and college student voters. *They have no money to give. He owes someone bigtime. 50% of his donations, $500 million, are alleged to have come from donations less than or equal to $200. I remember hearing about a guy named Good Will donating something like $27,000. And Good Will lives at the same address as a Goodwill Industries thrift shop.- Hide quoted text - - Show quoted text - "Good Will", Santa Clause, No 1 u No, are mostly George Soros and similar criminal enterprises... Like I said, as to the "small" donations or so called "grass roots" donations were no more than any other recent election cycle, the MSM "quoted" the numbers in the context of some "record" donations, but they weren't.. |
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