Interesting article on how much the Fools on the Hill are beholden to the credit card companies:
A Hill of Credit Card Debt
Here's a good one:
Freshman Rep. Ted Poe (R-Texas), who tied for fourth on the list, was previously a district court judge in the Houston area best known for creative sentencing and a hard-line view on law enforcement.
Asked about four charge accounts totaling more than $40,000, he said in a statement, "Just like millions of Americans, I understand the burden of debts - and the moral obligation to honor them. I believe it is important that we reform our bankruptcy laws."
Poe was also among several members who had received campaign contributions from the same bank or credit card company with which they held an account. Poe received $1000 from Capitol One's political action committee. He and his wife have a joint account with the company that was reported at between $10,000 and $15,000.
Of course, to think that the credit card companies would give 'preferential treatment' or debt amnesty to these representatives that help them pass this very favorable to THEM and very detrimental to US bill would just be wrong, wouldn't it?
R
From the fool's gold mouthpiece
The hollow horn plays wasted words