Obama Signs Credit Card Reform

REMARKS BY THE PRESIDENT
AT SIGNING OF
THE CREDIT CARD ACCOUNTABILITY, RESPONSIBILITY AND
DISCLOSURE ACT

Rose Garden 3:08 P.M. EDT




THE PRESIDENT: Hello, everybody. Please, have a seat -- I'm sorry. It is a great pleasure to have all of you here at the White House on this gorgeous, sunny day. The sun is shining. The birds are singing. Change is in the air. (Laughter.)

This has been a historic week; a week in which we've cast aside some old divisions and put in place new reforms that will reduce our dependence on foreign oil, prevent fraud against homeowners, and save taxpayers money by preventing wasteful government contracts; a week that marks significant progress in the difficult work of changing our policies and transforming our politics.

But the real test of change ultimately is whether it makes a difference in the lives of the American people. That's what matters to me. That's what matters to my administration. That's what matters to the extraordinary collection of members of Congress that are standing with me here, but also who are in the audience. And we're here today because of a bill that will make a big difference: the Credit Card Accountability, Responsibility, and Disclosure Act.

Category:

News & Politics

Tags:

• obama
• creditcard
• credit
• card
• banks
• profit
• jobs
• economy
• consumer
• unemployment
• spending
• recession

[Moveontonumber2]

Go straight cash. Don't get ANYTHING you cant afford.

DEBT TRAPS are for fools.

[bryandenehy76]

fuck credit......

[sesrunner08]

How about Banking reform? Like cap ALL Interest rates on loans

[RichardDICKCheney]

Great job now my citi mastercard was cancelled

[wander1273]

What he signed does not help this country.

It helps the financial institutions.

Everyone in this country we are in trouble. I hope people know that.

[Navoistico]

people who put bad comment just are depressed have no hope at all!

[Navoistico]

why the hell were credit cards invented if people pay the money back in 20 years!!! loans were the stupidest thing ever invented!!! People are savage and just spend their credit card and into more debt they can't pay i wanna just b slap them!

[chillombus]

He has been conditioned by the Illuminati. He;s very carismatic. peace is alluded to. But is false. Convert CAsh to Gold. Remember the golden rule: HE WHO HAS THE GOLD. MAKES THE RULE. LOVE<PEACE<HARMONY TO ALL.

[chillombus]

don't be fooled. the dollar is gone. The amero is coming. My advise is...open your eyes,

[chillombus]

My moto has always been: Cash is good , cash is best! But cash that is going down must be converted to gold, or other means.

[smarzo07]

Please feel free to offer your own solutions...

[kentucky9000]

I concur: Capital One is nothing but Satans motel