Bankruptcy Laws on Ed Gordon
My second commentary for Ed Gordon comes out today. You can find it here after 1pm EST. It deals with the bankruptcy laws recently passed by the House and the Senate. If you ever needed proof that neither party really cares about flesh and blood constituents you don't need to look further than this bill.
Posted by at May 17, 2005 10:32 AM
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LKS,I check you out powerful message;I watch senate hearing on credit card companies last night.Do to voting on another matter the hearing was cut short;but check this;If you owe 5000 and pay the min. payment @.17%interest without late charges and you stop using the card, it would take 22 years to pay off and you would have paid in excess of 11 thousands worth of interest.They have ran the loan shark out of bus.And this is just the tip of the iceberg,predatory practice ,solicting students,and targeting senoirs.
LKS,I check you out powerful message;I watch senate hearing on credit card companies last night.Do to voting on another matter the hearing was cut short;but check this;If you owe 5000 and pay the min. payment @.17%interest without late charges and you stop using the card, it would take 22 years to pay off and you would have paid in excess of 11 thousands worth of interest.They have ran the loan shark out of bus.And this is just the tip of the iceberg,predatory practice ,solicting students,and targeting senoirs.
Posted by: tootsie at May 18, 2005 10:02 AM