Tuesday, April 23, 2024
Miles from the Mainstream
D. R. ZUKERMAN, proprietor
Not All the Story

APRIL 24, 2007 --

Yahoo carried an AP story, April 21, about
a three million dollar credit card fraud.

This obviously was not about the credit card usury -- which must bring in far more than $3 million.

New York's senior U. S. Sen. Charles E. Schumer (among others) is, of course, too occupied forcing Attorney General Gonzales out, to notice those extortionate interest rates that 1.) are windfall to the credit card companies, 2.) make it much harder to get out of credit card debt and 3.) draw spending from other sectors of the economy -- probably not to the common good.