Anatomy of a bank loss
By lunchtime, the nation’s big banks and credit card companies are expected to suffer an extremely rare moment: an unmitigated, transforming defeat on Capitol Hill. Full Story »
Posted by Kaizar Campwala
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Posted by Kaizar Campwala - May 19, 2009 - 8:19 AM PDT
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Kaizar Campwala (review), Derek Hawkins (review), Fabrice Florin (review), Patricia L'Herrou (review)
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Kaizar Campwala - May 19, 2009 - 8:19 AM PDT
Great, quick-reading story on the politics behind the Credit Cardholders' Bill of Rights, which the Senate is voting on this afternoon. Fair, well sourced.
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(10 answers)
the writer tracks how the bill limiting how banks can charge credit card costs got done. i'd like to have seen more examples of abuses, and more information on the banks' stated objections. the weapons' amendment argument here demonstrates the downside of how the congressional political process works even with a non-controversial bil, and i'd like to have read more comments on that.
the national parks' weapons amendment seems a very high price to pay for a bill that appears to be so popular.
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(11 answers)
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