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Obama takes on the credit card companies

Obama speaks to credit card companiesObama has definitely walked into office with a lot of things on his plate, and consumer credit debt has to be one of the top priorities.

As a society, Americans are pretty deep in credit card debt, and once you fall even one payment behind, you are asking for big trouble. While the current recession has led to banks bringing in fewer dollars, it has also been a golden chance for them to be abusive to loyal customers.

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