Check out today's blog post and share your thoughts...Will Credit Card Reform Make it On Obama's Long To-Do List?
I doubt it. The largest recipents of campaign funding from Freddie Mac and Fannie Mae (and I believe the rest of the financial industry, too, although I haven't been able to verify yet) were--#1, Chris Dodd, Chairman of the Senate Banking Committee, and #2, Barack Obama. While they may pay lip service, I don't look for any bills to get out of committee (80% of all bills introduced never make it to the floor--that's how they kill them).
The only thing that might happen is the speed-up of the credit card reforms that the Federal Reserve implimented. These "reforms" are to become effective in July 2010, a year and a half from now.
