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March 5, 1998
The Damned Lobbyists Again
by Ted Mooney
When you get your credit card statements this month, you'll see
small enclosures with them: 'Fair Credit Reporting Act Disclosure'.
Don't read them, or the rest of this column.
- I warned you not to read it. Here's what your elected
representatives decided to write into law, quote:
- "The information you've provided to us, as well as credit
bureau reports and other information we may obtain from unrelated
third parties, can now be shared between our family of companies
to determine your eligibility for products and services and to
market those products and services to you".
Your elected representatives decided that the telemarketers who
interrupt your dinner each night were at a disadvantage: they
didn't know your mortgage balance, or how big your hospital bills
were, or the other intimate details of your life. Now they will:
- "Don't be hasty in hanging up on Universe Book
Encyclopedia, Mr. Mooney. Because I see that you still have debt
you are paying off from your psychiatrist visit, and from your
wife's heart attack. It's probably guilt over never providing your
children with the Universe Book Encyclopedia. Oh, and the way I
make out these bills, your daughter flunked out of University and
is now going to County College. Shame on you, Mr. Mooney! If you
don't agree to get her the tool she needs--the Universe Book
Encyclopedia--I'm liable to call the Division of Youth and Family
Services on you this very minute".
Now who do you suppose put the idea into your elected
representatives' heads that it would be a good law that telemarketers
should have access to the financial data you supplied to your bank
and mortgage company? Lobbyists -- corrupters of democracy.
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