Obama picks credit card reform over housing - The Red Tape ...

By Bob Sullivan

If I pay late just one day, my credit score takes a hit and my interest rate on all my cards rise on loan shark status. Times that by a million and you have a huge problem in this country. This had to be fixed now since many economists ... I,too, am struggling financially-- and I also live in a state (California)that is fiscally broken beyond repair. But I see Obama's actions as righ-tminded and, to be frank, the only source of hope in these turbulent financial times. ...

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