And look at what TREASURY is spending YOUR TAX DOLLARS on:
"The Treasury Department, which is spending billions in taxpayer money to clean up an economic mess brought on in part by easy credit, recently started an ad campaign inviting consumers to check into the "Bad Credit Hotel," an online game that teaches the basics of good credit"
As they GIVE AWAY TRILLIONS to the LOOTERS of WALL STREET!!
How about making THEM watch it FIRST, huh?
"Tighter credit card lending may create fresh financial crisis" by Eric Dash, New York Times News Service | October 29, 2008
First came the mortgage crisis. Now comes the credit card crunch.
After years of flooding Americans with credit card offers and sky-high credit lines, lenders are sharply curtailing both, just as an eroding economy squeezes consumers.
The pullback is affecting even creditworthy consumers and threatens an already beleaguered banking industry with another wave of unprecedented losses, after a gilded era in which it reaped near-record gains from the business of easy credit that it helped create.
Lenders are shunning consumers already in debt and cutting credit limits for existing cardholders, especially those who live in areas ravaged by the housing crisis or work in troubled industries. In some cases, lenders are even pulling in credit lines after monitoring cardholders who shop at the same stores as other risky borrowers or who have mortgages from certain companies.
This as Bush plays shit fooleys and scolds them on the credit crunch.
While such changes protect lenders, some can come back to haunt consumers. The result can be a lower credit score, which forces a borrower to pay higher interest rates and makes it harder to obtain loans.
Almost as if it was DESIGNED ON PURPOSE, huh, readers?
The depth of the financial crisis has shocked a credit-hooked nation into rethinking its habits. Many families once content to buy now and pay later are eager to trim their reliance on credit cards.
Except for the SUPER-RICH who are UNTOUCHED by this debacle!
The Treasury Department, which is spending billions in taxpayer money to clean up an economic mess brought on in part by easy credit, recently started an ad campaign inviting consumers to check into the "Bad Credit Hotel," an online game that teaches the basics of good credit. --more--"
