Wednesday, April 02, 2008

Why Are We In This Mess Again?

Look what popped up when I went to pay my credit card this month. With April 15th looming the card companies are on an all out campaign to get you to use their products to pay your taxes. Apart from the 2.49% charge levied on all such transactions with the IRS, this seems like a bad idea all around. Americans are already drowning in consumer dept, isn't it deals like making minimum payments on a 20% APR card to pay off the IRS that got us into this financial crisis in the first place? If ever an industry needed re-regulating it's the banks & card issuers.

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