Great News....... or is it?

Great News from the Federal Reserve Bank.
A three-quarter point cut in the federal funds
and the prime rates.

Would be a great help in reducing the massive
consumer debt on the books at high interest
rates, if it weren't for the "sacred-cow" of the
credit world.............. the thieving credit card
companies.

There are still millions of middle and lower
class people, who are being forced to pay 25%
and even up as high as 29.5% interest on their
credit cards................... in spite of the fact that
they have never been late paying, and have always
paid at least the minimum payment due.

WHY??????? Simple answer is that the "powers
that be" at the banks, decided in their infinite wisdom
............. that YOU, might be carrying just a little more
debt than they think you should. And so, they are
anticipating a default by the cardholder, even without
proof that it will happen.

If the White House and our do-nothing Democratic
Congress, really want to help this country get out of
it's massive debt..................... FORCE the banks to
bring the credit card interest down to a justifiable rate
............ one that is realistic in today's interest rate scenario
............... and one that is morally right!

So long as the banks can keep favor with Congress,
and are free to rake in massive profits on the backs
of those who can least afford it.....don't expect any
miracles. What we need is some legislation that will
protect the public, instead of our elected officials, and
those who keep them in power.

brooklyn