• CREDIT CARD BILL AWAITS NOBAMA: “The House today gave final approval to a bill that would prohibit credit card companies from arbritarily raising interest rates on existing balances and charging certain fees. With a 367-61 vote, the House ensured that President Obama will be able to sign the bill into law by Memorial Day, as he requested.” What is wrong with Congress, making such quick work of an overwhelmingly popular bill? [Washington Post]

…But what if an adult wanted a Hello Kitty Credit Card? And say this adult ordered a Hello Kitty Credit Card, on the Internet, several weeks ago, right… did it just get lost in the mail or something? [Swampland]

The RNC made a good decision here to hedge its incomprehensibility with a disclaimer in the first frame: “Political Satire.” So remember when you’re watching this ad: it’s just “Political Satire.” You cannot apply for an ObamaCard because there is no such thing. “Political Satire.” Speaking of credit cards, remember when all-but-one of these very Republicans voted to preserve the ObamaCard companies’ usurious practices today? [Boston Globe]

First person to smugly declare, “And this is exactly why I pay off my balance in full every month/don’t use credit cards” get a swift punch in the groin. [New York Times]

According to a new audit from the Government Accountability Office, the United States of America’s Government has been purchasing iPods, lingerie and other goodies with federal credit cards. About 300,000 federal government employees used purchase cards in 2007. Government purchase cards are like corporate credit cards, except the Corporation is YOU, the AMERICAN TAXPAYER PEOPLE. You and your subprime corporate friends should be ashamed and banished to Spain, with the Moors. MORE »