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05.12.2009 9:00 pm

Credit card companies deserve no mercy

(AP Photo/Mark Lennihan, File)

(AP Photo/Mark Lennihan, File)

President Barack Obama’s ambitious economic recovery agenda is decidedly short in a crucial area:

Consumers on the brink of losing their homes have heard plenty of sympathy, but they have received no real relief — at least on a…

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01.04.2009 9:02 pm

The Fed rolls over on credit cards

AP Photo/Mark Lennihan

AP Photo/Mark Lennihan

We now know — thanks to, among other things, the revelations of whistle-blowers whose warnings went unheeded — that the explosion in home mortgage defaults and the ongoing credit crisis might have been avoided if the Federal Reserve had…

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05.29.2008 9:00 pm

“You’ve been pre-approved!

Credit cards may be the most competitive business in America. Anyone with decent credit — and a lot of people without it — finds his mailbox stuffed with come-ons touting “low introductory rates!” and “big rewards!”
That mailbox battle keeps prices…

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