Obama’s illusion of hope for credit card victims

Dick Morris’s most recent column discusses why Obama’s recently signed Credit Card Form act is nothing but a fraud. Dick Morris writes this in his blog:

The widely heralded credit card reform legislation making its way through Congress is a sellout to the credit card companies. Obama has proposed and Congress has passed a series of minor reforms that deal with the fringes of the problem – late billings, retroactive interest rate hikes, misapplication of payments and such – but fail to reform the most basic offense of the companies: their usury.

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May 22, 2009 · Filed Under General Politics, muslims


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