forbidden pleasures

The days of overheated housing markets and "people maxing out on their credit cards" are over, Obama said Friday (3/13/09) in describing that "post-bubble" model.


“The days of any-time, any-reason rate hikes and late-fee traps have to end,” the president said at the White House after meeting with top executives from the nation’s largest credit card companies, a session Mr. Obama called “constructive.”


“No more fine print, no more confusing terms and conditions,” the president said, following up on campaign pledges to try to curtail high fees and rates and chop away at the thickets of fine print in credit card statements. 4/23/09


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Uploaded on November 27, 2006