Chase Bank Credit Card Company has already destroyed the credit ranking of tens of thousands, and perhaps hundreds of thousands of their customers specifically because the credit card reform bill was going to take effect in 2010.
Bernanke blew in Barack Obama's ear that the banks needed to screw over the american consumer for the rest of this year and then half of next year, and whomever was left standing would be grateful to Barack Obama next year when the credit card reform bill actually takes effect.
Ironically, the credit card reform bill of 2009 does not address the single biggest issue for the consumer, the right to OPT OUT when the BANK or CREDIT CARD COMPANY CHANGES TERMS on a PRE-EXISTING AGREEMENT.
Secondly, the credit card reform bill of 2009 bill does nothing to address the already almost one trillion dollars in consumer credit card debt in which the banks RAISED interest rates on to between 15.99% to 29.99% in anticipation of the credit card reform bill taking effect in 2010!
