Disclosure NonsenseSunday, August 22, 2010
Elizabeth Warren is a Harvard Law Professor who also chairs the congressional panel charged with spending your money monitoring the Treasury’s spending of the money used to bail out the U.S. financial system. She’s one of the many Central Planners who disguises herself as someone who protects you and has your best interests at heart. Here she is on credit card disclosure:
In 1980, according to the Wall Street Journal, the typical credit card contract was about a page and a half long. It told you about the interest rate, about being late and that was pretty much it. Today, the typical credit card contract according to the Wall Street Journal is about 31 pages long. So, tricks and traps? It’s that other 29 and a half pages.
Read the full blog and the link to her PBS interview.