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I am a Product and Brand Value Accelerator with over 2 dozen IMDB Credits, Los Angeles EMMY Winner. Top 25 Lifetime Tongal Ideationist, Academy of Television Arts and Sciences Internship Scholarship Winner. Also am a Video Forensics and Video Analysis Expert for Hire.

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My Beautiful and Amazing 91 year old Mother was refused service at her local E.R. for a wheezing chest and died three days later. I am Devastated.

91 year old Fortunata Machi was refused service for a Wheezing Chest by the E.R. even as her Caregiver Son Alessandro Machi begged  th...

Sunday, January 10, 2010

Yet Another Bill to Cap Credit Card Rates is Doomed

(Important Update - July 14, 2013). Please check out Debt Suspension Rights for innovative observations and solutions to the epidemic of credit card defaults and misrepresentations of Reverse Mortgages.

Yet Another Bill to Cap Credit Card Rates is Doomed (click on this sentence to go to article.

This is absolutely nutty reasoning by the republicans. Credit IS TIGHTENING because the credit card interest rates are so high they are causing CREDIT CARD DEFAULTS! To use the presently high credit card interest rates as a reason to deny lower credit card interest rates is the dumbest thing I have read in years. 

If nothing else, at least offer an incentive program for those who want to reduce their credit card debt. Offer a 1 percent interest paydown program for those who want to reduce their credit card debt. At least give consumers a choice between staying in debt or not.

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