OBAMA PRESSURES CREDIT CARD ISSUERS ON RATES.

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	OBAMA PRESSURES CREDIT CARD ISSUERS ON RATES.

ellington

4-24-2009 9:21 PM

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creditcards

2 Comments |

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4-25-2009 2:34 AM

chestnut501

Good Luck Obama

4-25-2009 2:25 PM

masbury

Bravo!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/dabf6c8e-8264-4db8-b80b-cb5d7ecb3d83/1D294407-2AA1-4A37-B554-7E2C7843B8FD/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2009/04/24/business/economy/24credit.html?em#" href="http://www.nytimes.com/2009/04/24/business/economy/24credit.html?em#" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/04/24/business/economy/24credit.html?em#"><NYT_HEADLINE type=" " version="1.0">
Obama Pressures Credit Card Issuers on Rates
</NYT_HEADLINE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/04/24/business/economy/24credit.html?em#"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.nytimes.com/img/0E2AFA04-7003-434C-A1AD-C0EDB75EF2F1" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/04/24/business/economy/24credit.html?em#">g at center, met with credit card executives Thursday.
</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/04/24/business/economy/24credit.html?em#"><P class="caption">
President Obama, right, and an adviser, Lawrence Summers, seen nappin</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/04/24/business/economy/24credit.html?em#"><P>WASHINGTON — Seizing on the growing unpopularity of <A title="More articles about credit and debit cards." href="http://topics.nytimes.com/your-money/credit/credit-and-debit-cards/index.html?inline=nyt-classifier">credit card</A> companies, <A title="More articles about Barack Obama." href="http://topics.nytimes.com/top/reference/timestopics/people/o/barack_obama/index.html?inline=nyt-per">President Obama</A> on Thursday threw his support behind legislation moving swiftly through Congress that would restrict the ability of <A title="More articles about banks and brokerages." href="http://topics.nytimes.com/your-money/investments/brokerage-and-bank-accounts/index.html?inline=nyt-classifier">banks</A> to impose higher fees and interest rates on consumers.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/04/24/business/economy/24credit.html?em#"><P>In a White House meeting with credit card industry executives, Mr. Obama sought to jawbone the companies into accepting changes — some voluntarily, some through legislation — that could cut heavily into profits at a financially difficult time. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/04/24/business/economy/24credit.html?em#"><P>In recent days, the White House, which had been largely disengaged from the issue, has suddenly become more involved. Presidential aides this week submitted proposed changes to legislation that has been moving rapidly on Capitol Hill. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/04/24/business/economy/24credit.html?em#">The legislation, which will most likely  be approved by the House as early as next week </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1D294407-2AA1-4A37-B554-7E2C7843B8FD/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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