Ushering in a new era for credit
Congress just passed a credit card consumer's bill of rights. But how will this new law protect card holders? Tess Vigeland and Connecticut Sen. Chris Dodd discuss the ins and out of the legislation.
Credit cards (Peter Macdiarmid/Getty Images)
More on The Economy, Spending, Retail, Fed. Budget/Govt. Spending
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05/30/2009
Your paling up to Chris Dodd on this issue is devastating to your credibility as journalists.
Dodd is pushing this ineffective distraction legislation because he is afraid of losing a reelection bid due to credible allegations that Dodd is a corrupt shill for Wall Street interests.
Senator Dodd can be reasonably said to be the most corrupt legislator in Washington. Not only petty corrupt behavior, like his sweetheart mortgage from Countrywide, but as a shill for the investment banking firms. As the WAPO points out in a 5/30/09 story, not only was Dodd behind the industry-written bankruptcy law rewrites, but he pushed legislation in the 1990s allowing the Fed to push billions to Wall Street without any accountability.
More than any single individual, Chris Dodd created the lax legislative environment that permitted the financal meltdown.
If you want to redeem yourselves, a _journalistic_ appraisal of this corrupt Senator's malign effects on the economy is in order.
Pronto.
From bozeman, MT, 05/23/2009
I am listening to the show right now and looking up my interest rate on my BOA credit card online. Still haven't been able to locate what my actual interest rate is...? Maybe you could ask why they seem to be hiding this fact from clients who do online banking.
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