| May 05, 2009
I just wrote my elected federal representatives via
congress.org.
Here's what I wrote:
I'd like to address the continuing "house on fire"
analogy used by Mr. Bernanke and others during his May 5 Congressional
testimony. Mr.
Bernanke used this analogy to side-step the issue of predatory bank
practices and the need for protecting credit card consumers.
Let me extend the analogy
slightly. The
house is on fire because arsonists lived there and set their own house own
fire, threatening the neighborhood.
They are now trying to set the neighborhood on fire while
the neighbors are trying to put out the original fire.
They are arsonists.
Unrestrained, that's what they do.
Now we all know credit card
institutions aren't arsonists, they are businesses.
But giving them free reign for 12 to 18 months to pillage
the taxpayers who just bailed them out with the justification that rules
will take place later and that accelerating the effective date for those
rules would promote a reduction in credit offerings is more than
ill-conceived, it's unfathomable and unconscionable.
Citizens of the United States have a
constitutional right to exercise their freedom of speech in an orderly,
legitimate fashion. Let's go make some noise.
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