Credit Where Credit is Due
Justice delayed is still some measure of justice. Minnesota Attorney General Lori Swanson has filed suit against six of those 2,000 or so companies that ask "do you have over $ 10,000 in credit card debt?" OK, I'm rushing to judgment but I bet the whole lot are fraudulent to some degree. How do I know? I listen to their radio ads, playing at least once an hour it seems.
Some ads are absurd, like claiming because we gave the banks all that bailout money, they are now wanting to use that money to give us a break. What offends me most, though, is their suggestion that we're the victims, that we are justified in "casting off 50% or more" of those debts we freely entered into. Regardless, just call that 800 number they give have a dozen times and those big bad banks will bow before you.
No, just as a heat pump can extract warmth from winter air, these con men get paid for their services. And you pay them. Even some claiming to be non-profit really are for profit, though I suppose we could make the same charge against Minnesota Public Radio.
So I'm very glad that our AG is joining the fight. Call me a populist on this one, but I think these firms are guilty until proven innocent.
Cross-posted and comments welcome at Speed Gibson.
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