Thursday, March 08, 2007

Whitewater Journalism

Journalist have gone from sucking Bush's dick to making up shit about the Democrats again. *Sigh*

Whitewater Journalism:
Magically, it's back in vogue. Stories which hint at corruption for Democrats, even though there's clearly no there actually there.

That bullshit credit bill that passed in 2005 has begun to reek its havoc. Many Dems voted for this POS too. It is tough fighting the evil that is the Republican party and at the same time trying to purge your party of the dipshits and DINOs. *another sigh*

Credit Slips: You Are Pre-Approved--8 Billion Times:
"In 2005, Congress gave the credit industry what it wanted: tighter bankruptcy laws. In 2006, the credit industry responded by mailing out 8 billion credit card solicitations--up 30% from 2005.......

What kinds of risks are the card companies willing to take on? With about 110 million households in the US, that's about 73 card offers per household. If the average card offers is about $5,000 in pre-approved credit, that about $365,000 in offers for every American household--or about $1000 a day, every day of the year.
More on this massive give-away to the credit industry:

Panel slams banks over credit practices:
"Wannemacher used a new Chase card in 2001 and 2002 to pay for expenses mostly related to his wedding. He had $3,200 in purchases, interest charges of $4,900, 47 over-limit charges totaling $1,500, late fees of $1,100, for total charges of $10,700 as of February. He paid $6,300, leaving a $4,400 balance — which Chase agreed to waive after he contacted the subcommittee staff."

It's nice that the Dems are trying to do something about it now, but where the hell were they in 2005?

Senate Banking Committee Chairman Christopher Dodd (news, bio, voting record) and other Democratic senators challenged credit card executives at a hearing in January over rising late fees and other penalties and marketing practices they portrayed as predatory. Dodd, D-Conn., said he was putting the industry on notice that if it doesn't improve practices on its own, legislation may be warranted.

Since Democrats assumed control of Congress in January, they have put a number of consumer issues on the legislative agenda. With Americans weighed down by some $850 billion in consumer debt, the practices of the robustly profitable credit card industry are a compelling subject for scrutiny.


Good for this guy. Those little cookie-crack dealers need to get scammed every once in a while.

Man Uses Fake $50 for Girl Scout Cookies:
"Somebody handed a group of Girl Scouts a bogus $50 bill and left with three boxes of their famous cookies and $40.25 in change, police said Wednesday."

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