Strollerderby

Morning News: Idol, Terror, and Credit Cards

Posted by Amy Kuras

If you care about this, you already know, but Kris Allen was crowned the winner on “American Idol” last night. If you’re like me and like to look like you’re keeping up with the kids without actually having to subject yourself to American Idol,  perhaps this helps.

In much more serious news, terror suspect Ahmen Ghalani will be sent to New York from Guantanamo Bay to face trial in the 1998 bombings of the US embassies in Kenya and Tanzania. President Obama is expected to announce the trial during an address today on Guantanamo and other security issues.

New York City Police and federal agents arrested four men who were plotting to bomb synagogues and other landmarks in the city. Police say there was little chance the men could have carried out the attacks, but still.

Also? California is coming apart, pretty much. It’s out of money and now looking at a constitutional convention.

Maybe they could put some cash on a credit card, because there are some new rules passed by Congress today that both keep credit card companies from hiking rates out of nowhere and let them spank you for paying your card off in full every month. And no more going after college kids to sign up for debt they will never be able to repay – those under 21 will have to prove they can pay back the money or that their parents will take on the debt if they can’t.



+ DIGG + STUMBLE

Comments

 

CV said:

Go ahead and try to spank me for paying off my balance every month.  I'll keep one credit card active for things I "need" (i.e. car rental, etc.) it for, and will pay cash for all others.  Just because the CC companies got greedy when they could slap fees on lousy borrowers...now that they can't do it, they're going to try to keep the same income by slapping fees on their "good" borrowers.  

I am SO sick of getting slapped around because I played by the rules.  My house is worth about half of what we paid for it; three identical houses in my 'hood went into forclosures because of "creative" loans and the owners listening to banks saying "oh, sure, you can afford a $200K house on a $25K a year income".  So my 20% downpayment is worthless, essentially, because we're now upside down even with it.  Will my mortgage ever get adjusted under new rules to help homeowners in trouble?  No, because we did it right and weren't ever IN trouble.

Oh, and forget the age limit.  18 is the age of majority; are we creating a sub-class of "not quite adult but not children"?  How about anyone applying for a credit card have to prove that they have a way to pay their bills?  Or would THAT just make too much sense?

May 21, 2009 9:30 AM
 

KellyK said:

I can not get the ling to work on the CC story.

May 21, 2009 9:52 AM

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