Help me with this.
I'm no economist, so there are a lot of things that don't make sense to me. Consider this: ... with uncertainty about the auto sector, the Fed's policy meeting on Monday and Tuesday will also remain in focus. The central bank is expected to lower its benchmark fed funds rate by a half-percentage point to 0.5 percent . That's great for people with adjustable-rate mortgages, since their payments will go just about as low as they can. Meanwhile, credit card interest rates are still in the 15 to 22 percent range. Why? What it tells me is that our government is in the back pocket of the credit card companies. If not, then how can you explain the fact that the Fed is lending money out at almost zero percent and Citibank and your local department store are charging 18 percent? I can't be the only one who wonders about stuff like that. Our government is in a big hurry (supposedly) to help banks and auto makers, but the real catastrophe is going on with people paying 20 p...