EDITORIAL: Consumer destruction–Keep bureaucrats away from our credit cards
As if hyperactive Washington politicians haven't already grabbed enough power by taking over banks and car companies and trying to control everybody's health care, now they are getting closer to centralized bureaucratic control of the entire consumer credit market. Pending legislation to create a superpowerful Consumer Financial Protection Agency (CFPA) would take an ax to financial freedom and significantly increase consumer costs. That's not what most people would call "protection." The bill already has made it through the House Financial Services Committee, chaired by Rep. Barney Frank, Massachusetts Democrat. It is expected to reach the House floor shortly after Thanksgiving....
Original Article: Forum: News/Activism
Tags: Banks, Barney Frank, Bureaucratic Control, Bureaucrats, Car Companies, Cfpa, Consumer Credit, Consumer Protection, Credit Cards, Editorial, Financial Freedom, Financial Services Committee, Health Care, House Financial Services Committee, Massachusetts Democrat, Pending Legislation, Thanksgiving, Washington Politicians, X27