Obama Urges Congress to Act on Credit Card Bill

[knowwaie]

Hah

0:56 He hesitated on the word transparency. Guilty conscience.

[thatsMrSmileytoyou]

That chick on the left's gunna be a hottie in like 5 years

Did anyone else notice they tacked on a bill to bring guns in national parks too? There's gunna be a lot of dead animals come next spring

[Daddy9Long]

I have really good credit. Maybe in the top 5% of all the US. I think I'm going to apply for as many credit cards as I can and then max them out. After they are maxed out, I'll send them 1 dollar a month for the rest of my life! I could get enough cards to build a new house, buy a new cars, maybe a couple of 4wheelers, a boat, jet skis... When you have a credit card in you wallet but you don't have 1 dollar charged to it.... where is the money that is allowed to charge? Do they print it?

[46catman]

banks need to know WE the people will NOT take it . people are NOT as stupid as banks think we are . those can pay off there credit cards are doing so and refusing credit card offers . they are using money instead .

[CircusMaximus09]

Why can't these morons "lern to reed" and read the damn fine print??? Why don't they STOP spending on these cards? Buncg of idiots that now the "nanny state" has to take care of...How many of these losers even pay taxes? Dopes

[shitzulovey]

I oppose this legislation, Obama is rewarding bad behavior.

[thatsMrSmileytoyou]

I don't understand, how do you figure

[AdvantaRipOff]

Why do you think Dodd is giving banks 9 to 12 months to implement this bill?

Dodd is taking care of his banking buddies. SNL Tim Meadows had the best joke about Credit Card Act bill. That is enough time to make a baby with a whore.

Why do you think Dodd did not include interest rate cap in his bill?

Make sure banks can still charge sky high interest rates. If Chase is currently charging you 30% interest rate today, it would not be illegal to charge you if this bill becomes the law.

[jbryant13]

Mr Roboto - reading from his prompter. The guy has never had an original thought in his life, and people said Bush was stupid.

[southbobby]

thank God

[seansuth]

"No more hiding the truth" "Penalties To those who engage in deceptive practices that take advantage of families" too bad he can't act on his own words

[FrancescaGianna]

LOL Do you really believe that families were "taken advantage of?" Ask anyone who is in the business, some will talk, and you will find it was the other way around.

[abarzilai664]

How about make the credit cards act like debit cards then there would be less of a temptation to spend like a drunken sailor.

[PsyopsExposer]

i believe the plan is to have 1 world currency controlled by RFID. card at first then implanted chips.

[PsyopsExposer]

you don't pay then they just turn off your chip. problem solved. LOL

[PsyopsExposer]

Of course I'm just being sarcastic. Might as well have some fun with it. Let's see create a crisis like 911 get the results you want. Create a financial crisis get the results you want. simple math. And yes I chose the Red pill.

[therealcaptobvious]

the credit card act won't do anything abotu the fraudulent derivative market. in fact, Geithner is putting the same scum in charge of derivative oversight...that allowed the fraudulent derivatives to be sold to begin with.

[shenmueryu]

Exactly and what can we expect? Geithner the crook who is he going to appoint? a good working person with a good mind or a crook like himself? hmm

[FrancescaGianna]

62% of the GNP is now debt. Key elections are underway in 2010. Watch which bankrupt states get nore bailout money. Coincidence?

[therealcaptobvious]

We have a record breaking, excessive trade deficit plus interest, aka. the current account deficit. Add the multiplier effect and that knocks trillions off the GDP.

So we've replaced debt for our former economy and Obama's doing NADA to fix that.

[FrancescaGianna]

Well Obama's solution to our national debt is to spend more for his lobbyists pork projects which is an increase of $3.79 billion per day . It really makes you wonder what his real goal is all about doesn't it?

[wideawake123]

"'...a bad situation that they didn't anticipate."- Yeah, because when they used their credit cards, they didn't anticipate having to actually pay that money back to the credit card company(Bank). No one forced these people to apply for credit cards, and when they did, they agreed to the terms of the loans.

[PsyopsExposer]

the comments are even funnier than the BS Obama is spouting. do you think it was accidental that so many people were allowed to get over extended. LOL let's break this down logically. ok banks wanted people to get so in debt they could never pay the money back? so the banks just decided to give away money? what if the bankers already knew ahead of time that they would get the bail out money? 0 risk. so what is the real objective? makes you wonder what is really going on hmmm

[wideawake123]

I'm not "wondering" at all Psyops...It's bad...really bad. The worst is yet to come.

[SupportingMyself]

He's talking to Congress in Mexico? When did Congress have a building in Mexico? Hm...he's been saying some wierd shit lately.

[seansuth]

That's NEW Mexico. But I agree wierd shit lately

[wideawake123]

Yes Sir...We must give those who defaulted on the homeloans and mortgages credit cards on THEIR Terms.

[rhosey001]

Reform your incalculable spending first.