No Sense in Letting the Recovery Take Hold

Megan Woolhouse, Boston Globe.

"A study by The Pew Charitable Trusts, an independent nonprofit, found the median interest rate advertised by most credit card companies in July 2009 was 13 to 23 percent higher than rates in December 2008."

The banks are not going to take regulation lying down. They've fired a preemptive strike. Credit rates are going to rise and rise quickly in the next few months. Just what our economy needs right now. Tighter credit with predatory rates.  Let's see what Congress does. Especially now that we're entering an election year.