Friday, September 02, 2005

Debt of credit card companies

It is time the Credit Card companies pony up in return for their sweetheart bankruptcy legislation passed last session which takes effect on October 17. (Just in time to add extra misery to all the Katrina victims by foiling their inevitable bankruptcy claims !) Get this, it's actually entitled "Bankruptcy Reform and Consumer Protection Act."

Politicians should demand that they exempt from monthly interest or other charges all donations to the Red Cross and perhaps other charities in the name of Katrina relief.

Right now credit cards are the easiest, fastest way to donate, but many Americans are already shouldering too much credit card debt.

In addition, it is unseemly for these companies to make profits from kind hearts and human misery. They should stick to making money off compulsive consumerism and human shortsightedness.

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