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McCain, Obama, and Middle America

I recently looked into credit-card practices while researching a potential class action.  I was astounded at my ignorance.  Even my cynicism wasn't prepared for what credit card companies get away with. Middle America is being squeezed by credit card companies in really sleazy ways.  Here is a brief summary of what mainstream credit card companies do.  Subprime credit card companies are even worse. Why hasn't John McCain fought for any legislation to protect the middle class?  What about Barack Obama.  Why hasn't he done anything other than pretend to seek to impose a lame "rating" system on credit card companies?  Sure, he's talking tough now.  But he's been in the Senate for how many years?  And he's done what?  Both men are bought and paid for by the big banks and credit card companies...continue to full post

Full post as published by Crime & Federalism on July 21, 2008 (boomark / email).