The Card Game - How U.S. Banks Are Scheming New Ways To Rip Off Society

I just laugh at the people who argue we should do away with all government regulation to restart the economy. That is just about the most ridiculous position I could ever imagine. Yet there are many who argue such a position. I do agree that there is too much red tape. But red tape is different. Red tape are unnecessary rules to competing in the economy. Regulation keeps chemical companies from dumping mercury in your back yard. Or keeps firms from treating their employees like disposable devices. Or keeps banks from preying on consumers.

That Washington politicians keep playing their corrupt game of meddling with specific regulation in the economy is driven by the lobbyist money machine. Washington should lay down basic rules to compete in the economy and get out of the way. Only when some new, unforeseen invention impacts the economy's rules should the government ever meddle with existing regulation. And that need for change should be explained to the American people before ever being considered. Instead, we have constant meddling and changing of the rules to the game by money-seeking pandering bureaucrats.

A perfect example of this corruption is the credit card industry. That these firms can continually prey on American people by skirting regulation is heinous. You can't offer credit terms or any other economic contract then change the rules of the contract half way into the game. That the government allows this predatory activity by banksters is criminal. But the banksters are well into creating new schemes to rip off Americans, all courtesy of your elected government officials.