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Credit Culture: Incentivizing Greed and Irresponsibility

Alan from NJ Wrote: Mar 01, 2010 1:22 AM
each month, so it works for us. People who hate the Bible should read the Psalms, where usury is so soundly denounced. People say the ideas of 1776 are outdated. Even the ancient Hebrews had a handle on human nature, and it has not changed. And the Founding Fathers, re-written history notwithstanding, knew the nature of men, the history of dictatorships and Democracies,and collected wisdom,including the Bible. They did not want a over-riding bank, and denounced governmental control of the people's earnings. Our present condition is such a source of pride to me, us being so modern and wise.















On February 22, 2010, nine months after President Obama signed the legislation, new credit card rules designed to protect consumers from the unscrupulous and manipulative tactics of credit card companies went into effect.  The legislative momentum that led to the passage of the Credit Card Accountability, Responsibility, and Disclosure Act (Credit CARD) has been building for years, and was thrown into overdrive by the economic meltdown of 2008.  Countless Americans who felt they had been duped by greedy mortgage brokers and cheated by reckless Wall Street fat cats were only too happy at the prospect of throwing the...

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