Mike Castle Travesty
Yesterday…
Rep. Mike Castle, R-Delaware, voted against the measure called the “Credit Cardholders’ Bill of Rights.” It would require card companies to provide more notice of rate increases and more time to pay bills. It would also allow companies to impose only three consecutive fees for exceeding credit limits.
I’m sure he has a great explaination for why credit card companies need the help right now.
The bitch is, credit card companies have long shown uncollectable debt as a huge asset. If this debt is ‘written off’, thereby reducing the claimed asset, we have yet another huge crisis. And I have the feeling that ‘bad’ (uncollectible) credit card debt will make the mortgage write-offs look insignificant in terms of billions and billions (say “billions” with the accent Carl Sagan used; it actually makes ‘billions’ sound bigger).
Good for Castle. The whole “credit card bill of rights” thing was a pile of crap.
mike, the bill passed the house and also, “pile of crap”? Is that part of the talking points memo sent out this morning.
Read the following summary. It isn’t crap.
Another Travesty
I just read that, VC. So sleazy. McCain has no honor. It’s all about gaming a system. Hmmm… sounds like what’s going on with the economy.
VC,
I also read that this morning. It’s certainly going to make me look at those letters to the editor a little more closely!
Where’s KHN on this? Here’s her chance to say something and be noticed!
It’s shit like that which pisses me off the most. I didn’t mean to hijack, just wanted to throw it out there….
At the risk of managing her campaign better than the actual manager, LAST NIGHT was the time for KHN to weigh in on this, so that it could have been included in today’s TNJ story.
Get on the stick!
Unfortunately, her astrologer, numerologist, and hypnotherapist (AKA, her brain trust) could not agree on a proper course of action.
Castle is knee deep in campaign contributions from the biggest bankers, insurance companies, and lobbyists. Castle is looking after his peeps and forgets about the citizens. Castle is reponsible for the breakdown, he did nothing while serving as a ranking member of the Banking Committee. He also voted against the Equal Pay act permitting women to continue working for 20% less than a male doing the same job.
His record will destroy his chances in Delaware and he knows it, which is why all these very expensived ad campaigns taking credit for wind power and education. KHN should be able to destroy him on education, he wanted to cut out headstart and sponsored that bill.
I hear Castle is scared which is why he continues to raise millions on top on of the l-1/2 million already in the bank. If he werent fearful of loosing his seat why does he need even more millions?
Correct me if I’m wrong, and I know you will, but I am under the impression that once a senator/congressman leaves office (for whatever reason) the money in his/her campaign treasury goes to the (former) elected.