Once again, the responsible citizen carries the water

It's hard to feel sorry for the credit card companies. Actually I don't feel a damn bit sorry for the credit card companies.

With the new Obamunist credit card bill worked out, in collusion with the credit card companies, the credit card companies won't doing anything except shifting their profits from the irresponsible to the responsible.....

Now Congress is moving to limit the penalties on riskier borrowers, who have become a prime source of billions of dollars in fee revenue for the industry. And to make up for lost income, the card companies are going after those people with sterling credit.

Banks are expected to look at reviving annual fees, curtailing cash-back and other rewards programs and charging interest immediately on a purchase instead of allowing a grace period of weeks, according to bank officials and trade groups.

“It will be a different business,” said Edward L. Yingling, the chief executive of the American Bankers Association, which has been lobbying Congress for more lenient legislation on behalf of the nation’s biggest banks. “Those that manage their credit well will in some degree subsidize those that have credit problems.”

So congratulations to you responsible a-holes who do crazy shit like............. pay your bills. When will get that you are part of the problem with America?

Article here.........