The Credit Card Act of 2009 is designed to provide relief to consumers from the “abusive tactics” credit card issuers have used to inflate their profits. Well, leave it to those pesky card companies to dream up even more ways to gouge us. And gee, guess what? The Credit Card Act of 2009 doesn’t cover these new means of dipping into our wallets and pocketbooks. Many of these techniques have already been put in place.

I urge you to read this article from Yahoo Finance: Creative New Fees Escape CARD Act Rules, Surprise Consumers. Get ready to get even madder at the plastic pushers. Makes you want to pay cash for those plane tickets when you travel. But then you might get put on a watch list. Sigh.

The Stock Market was rather lackluster today, with the Dow Jones showing a modest gain (+33.18) primarily fueled by financial issues. The S&P Composite Index rose 4.55, and the NASDAQ lost 1.04. We pretty much sat on the sidelines today, but did put in a couple of sell orders for stocks that were not executed. We’ll see if they meet our ask price on Friday.

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