President Obama wants more watch dogs. The financial community does not agree. The agency would oversee just about every available consumer financial product, from payday loans and credit cards to loans from banks and nonbank mortgage lenders. Answer this much, “How effective is the SEC?” Hello Bernie Madoff. We don’t need another straw man. Anyway, […]
Category Archives: Obama
Obama’s plan
“President Barack Obama asked Congress on Tuesday to create a new agency to police the fine print on credit card bills and mortgage documents and determine what fees, penalties and interest rates are fair.” Unlike mortgages and credit cards, I think payday loans are very straight forward. If you have not figured out that rolling […]
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