JUNE 19, 2006 --

LPR continues to wait for officials to take notice of interest rates on credit cards that, for LPR at least, are unconscionable.

How about Tim Russert or Bob Schieffer or investigative reporters at The Washington Post asking Jamie Dimon at Chase how much the bank loses if credit card payment is late twice by, say two or three weeks, and how much the bank makes, thereafter by imposing a late fee,
and 29.99% that goers on and on and on far longer than that battery bunny?

(Trish Regan, on CBS News,reported, some months ago, that banks get half their profit from late fees and penalties.)

With this information, officials in the Bush
Administration and senators and congressman can be asked: why do you
support sky-high damages for banks?

This question could also be addressed
to state officials, including the New York attorney general who wants to be governor.