World-News

Adam Doster, writing for In These Times, says: "In the last quarter century, an unstable financial relationship was forged between Americans - grasping for an increasingly elusive middle-class lifestyle - and credit card companies that offer strapped consumers a lifeboat. But without adequate regulation, the industry has used deceptive techniques to hoodwink consumers and accumulate more than $30 billion in profits per year. Now, if legislators at the national level don't step in, some analysts fear American's affection for credit may widen the existing credit crisis."

http://www.truthout.org/docs_2006/012808F.shtml



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