Ok, so my wish for NO bail-out is not likely to come true. So if we gotta compromise and have a bail-out for Wall Street, then it needs to include some reforms to help Main Street too!
One of those reforms needs to be on Credit Cards. And listen, this stuff is no-longer impossibilities. Politicians are feeling the heat. There is an election pending. WE-THE-PEOPLE can make a difference if we get off our asses and make some noise.
Start with support for HR 5244. It has already passed the House, so tell your Senators to do the same and include its terms into any bail-out legislation. Go here & take some action:
https://secure.consumersunion.org/site/Advocacy?cmd=display&page=UserAction&id=1959
References:
http://www.govtrack.us/congress/bill.xpd?bill=h110-5244
http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.5244:
http://www.opencongress.org/bill/110-h5244/show
http://scbankruptcyblog.com/2008/09/23/credit-cardholders-bill-of-rights-hr-5244-passes-the-house/

"Knowledge about government is power" --GovTrack






















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