April 18, 2008

Another Senator Levin Memo

I received another "memo" from Senator Levin (unfortuantely my Senator, the one who never listens to his constituents).

This one is about Credit Card Reform legislation.

I wrote to him about passing "tough" legislation to "protect" consumers about "unfair" credit card pratices.

My stance was that responsible people don't need legislation to protect them from something that dosen't exisit for responsible people.

Excerts from his "memo"

In my continued effort to gain support in Congress for credit card reform legislation, I testified today at a House of Representatives hearing regarding a bill introduced by Rep. Carolyn B. Maloney (D-NY) that would stop unfair credit card practices and improve consumer protections. At the hearing of the Financial Services Subcommittee on Financial Institutions and Consumer Credit, I described specific examples of credit card abuses uncovered by the ongoing investigation into credit card practices I have initiated as the Chairman of the Permanent Subcommittee on Investigations.

I would think that Congress has a lot more pressing issues to handle then looking into Credit Card rates and fees for people who are unresponsible.

Posted by Quality Weenie at April 18, 2008 10:28 AM | TrackBack
Comments

Take that last sentence and instead of "credit card" insert "mortgage". ;)

Posted by: pam at April 18, 2008 02:15 PM

Oh I got a better one for you...our illustrious State Senate took time today to debate the faux testicles some people have hanging off of their vehicles! AND that they should be fined and get points on their license for having such. It's close to being voted on.

Now I ask you...surely, pulling their thumbs out of their butts long enough to put their peckers back in their pants, they can come up with SOMETHING worthwhile to work on. Other than faux testicles.

Story is here: http://www2.tbo.com/content/2008/apr/18/senate-discusses-fining-drivers-who-display-replic/

You can carry a gun in your car to work, but don't have those faux bull testicles on your vehicle...that's just wrong! (bwahahahahaha)

Posted by: Lee Ann at April 18, 2008 03:42 PM

The Law of Unintended Consequences will state that if they pass this it will make it harder to get credit cards (not that that's bad in itself) and the interest will stay higher. Just to protect us from some evil company.

I do see their point, but they are going about it the wrong way.

Posted by: Navy CPO at April 18, 2008 06:47 PM