Tuesday, October 12, 2010

Second credit card bill (Good or Bad?)

http://www.abs-cbnnews.com/business/10/12/10/second-credit-card-bill-pushed-congress

seems good, right? IMO it's really seems good upfront. The only downside (or worry) here is, will this make more people more "reckless" in their credit card purchases? How will this affect the credit card industry (or the banking industry) as a whole? Will it be likely that banks will now be more and more strict in lending? If banks will be at a disadvantage here won't it create more of a bigger problem for the big picture? Power to the people. Power to the people. As long as each person who has a credit card is happy, right?...

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