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Originally Posted by Riot
Yes, Cannon, the first thing that should be done is that the loan-shark consumer revolving credit industry should be left completely alone as it is now, because all that matters in the economy and the lives of consumers is the next week - not the next 10-20 years.
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No one said that nothing should be done. What was done does have some unsightly side effects that will felt far longer than next week. It is a smoke and mirrors victory against credit card companies which negatively effects responsible consumers. Hardly a cause for celebration.