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Posts from ‘April, 2009’

“We need to change the rules of the game”… Secretary Geithner

Did someone send a sticker to Secretary Geithner? More great news today from AP: “We need to change the rules of the game” to make the credit card business more transparent, fairer and simpler for consumers, Geithner told reporters after the meeting at the Treasury Department. “This administration and this Congress are committed to […]


Peggy got in a nicely aimed and delivered “direct hit” regarding the lies that Chase told in their testimony before Congress.

Finally, Peggy got in a “direct hit” against Chase on national TV about the missing opt out for 400,000 customers, despite the testimony that Chase executives delivered before Congress.  As regular site visitors are aware, I have mentioned this “smoking gun” evidence of corruption and unethical behavior over and over again.  As I was composing […]


This afternoon President Obama will tell top executives from 14 credit card companies — including American Express, Bank of America, Discover, MasterCard and Visa — that greater consumer protections are coming for their customers, with or without their cooperation.

Chase, and the other credit card companies may have finally met the day of reckoning. There are a plethora of news stories on the meetings between President Obama and executives of the credit card companies.  Here are a couple of interesting snippets: NY Times: President Obama threw his support on Thursday behind legislation that would […]