Monday, May 18, 2009

Credit cards - Guns? an appropriate combination

Thanks to reader Jeremy for the link to this article on a gun law slid into the recent credit card bill.....

What do guns have to do with credit cards?

Not much. Except they both share space on a bill that lawmakers want to deliver to President Obama's desk by Memorial Day.

In a surprising move, the Senate voted 67-29 on Tuesday to attach a measure that would allow guns in national parks to a bill that cracks down on credit card fees.

"It's just wacky," said Jon Houston, an aide speaking on behalf of Rep. Carolyn Maloney, D-N.Y., the bill's chief House sponsor who has been pushing for a crack down on credit card practices for two years.

Sen. Tom Coburn, R-Okla., saw an opportunity to grab on to a comparatively fast-moving target, since lawmakers are under the gun to finalize a credit card bill in the next 11 days. Keeping pressure on Congress, President Obama held a town hall in New Mexico on Thursday inviting consumers who had written or called the White House about their credit card companies.


More here....

No comments: