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akuma587 said:
How about you blame the people who hiked your rates...the credit card companies. Obama is asking for legislation that will reduce their authority to do so. Simply because you get screwed in the short run does not mean he is doing the best thing. Its like people buying up the last of a product before it gets discontinued. It just happens. Credit card companies are going to try and abuse their power while they still have it.

 

I would if the purpose of hiking the rate was to make more money. The purpose of hiking the rate was to make the same money overall under the new system. They are doing what they have to, to stay in business.