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The passing of the credit card bill caused dismay among members of the American Bankers Association. They are concerned that "the Senate bill will have a dramatic impact on the ability of consumers, students, and small businesses to obtain and use credit cards." However, I see this bill as a reminder that the present administration is working for the good of the people. In closing, I'd like to quote Sen. John Kerry (D-Mass.), "We've got too many hard-working families in Massachusetts struggling to keep their heads above water, and the last thing they need is to get whacked with unfair credit card fees."
For two months I have enjoyed substantial gains in my stocks - only to be dismayed by this week's losses. I'm a big believer in the stock market although I'm only a miniscule investor. I believe that investing in stocks is a good way to build wealth overtime. If you want to get rich overnight, the stock market is definitely not the right place to start.
April's gain due to promising unemployment results was dragged by low retail sales in the same month. This week I lost 56% of my gains. As you can see, the stock market is not for the faint of hearts.
