tag:blogger.com,1999:blog-6762928.post8941070775994693949..comments2024-01-03T05:23:36.046-08:00Comments on The Citizens: Credit Cardholder's Bill of RightsUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6762928.post-49366199563135131912008-09-29T12:44:00.000-07:002008-09-29T12:44:00.000-07:00Id on't hate my card company. But then, I'm a dead...Id on't hate my card company. But then, I'm a deadbeat.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6762928.post-41890243454791263702008-09-29T04:30:00.000-07:002008-09-29T04:30:00.000-07:00RbR: hell, I hate my credit card company, and I do...RbR: hell, I hate my credit card company, and I don't even <I>have</I> a credit card in Australia! :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6762928.post-21293104151933442842008-09-28T22:34:00.000-07:002008-09-28T22:34:00.000-07:00This probably has more "legs" (or at least as long...This probably has more "legs" (or at least as long "legs") as housing stuff. The housing thing really hasn't hit a big percentage of voters. But I don't anyone who doesn't hate their credit card company.Raised By Republicanshttps://www.blogger.com/profile/03461006522141969925noreply@blogger.comtag:blogger.com,1999:blog-6762928.post-46246094967877795462008-09-28T18:03:00.000-07:002008-09-28T18:03:00.000-07:00Republicans will do everything to kill it, because...Republicans will do everything to kill it, because it hurts their owners. Fortunately, it's got legs as a campaign issue. This is exactly the kind of issue that reminds American voters that the Republican party exists primarily to support the interests of powerful elites.The Law Talking Guyhttps://www.blogger.com/profile/17886791396468512490noreply@blogger.comtag:blogger.com,1999:blog-6762928.post-21096195303384525992008-09-28T17:35:00.000-07:002008-09-28T17:35:00.000-07:00Based on recent reports on the bankruptcy blogs, i...Based on recent reports on the bankruptcy blogs, it's not likely to pass this time, but hey, I'm an eternal optimist.<BR/><BR/>If you haven't already, I encourage everyone who posts or comments to watch a documentary called "Maxed Out."* It gives a very good explanation about how the credit card companies decided to offer an insane amount of credit, write off some defaults, and profit off of anyone who carries a balance or (worse) gets in over their head. The credit card companies can predict with almost-mathematical certainty whether a person can pay back the amount he or she can charge on their SuperMaxPlatinumGoldExecutive card. The customer they want is not the person who pays off the balance every month (they are called "deadbeats" in the trade), but they want someone who carries a high balance and pays the minimum amount after the due date.<BR/><BR/>One argument I hear a lot from conservative types is a sort of "take personal responsibility, stop blowing a hundred bucks at Nordstrom every weekend and you won't have any credit-card debt," but when you look at why people get into a debt free-fall, there is often a personal crisis like a job loss, medical bills, or divorce. It's time for a little compassion and a little regulation.<BR/><BR/>-Seventh Sister<BR/><BR/>*There is also a really good Frontline on this problem, too, which includes an interview with this very secretive fellow who pretty much created the universal default system.Anonymousnoreply@blogger.com