11 Minutes Before Comments Close, Cavuto Tells His Audience That the Fed is Accepting Comments

[ccharles000]

When it comes to Fox "News," priorities like bashing Hillary Clinton or yammering about Rev. Jeremiah Wright or lobbying on behalf of Big Oil or arranging for live coverage of Republicans pulling stunts to allow "us" to drill off-shore, crowds out news about what our government is actually up to and the ways in which we can participate in how it works and what it decides. You know, basic stuff having to do with ah, d-e-m-o-c-r-a-c-y, which Fox claims to hold so dear to its heart.

For example, last Monday (August 4, 2008), at 5:00 p.m. ET was the deadline for the public to comment on new credit card industry rules proposed by the Federal Reserve. The issue generated, "more public comments than any other issue reviewed by the nation's top banking regulator. More than 56,000 submissions from banks, credit unions, credit card users and advocates are being processed."

Per the above article, the Federal Reserve announced tentative new rules on May 2 but it appears that the issue was formally kicked off in May of last year with the release of this Federal Reserve press release.

Anyway, did you know about this? Even with as much news as I watch, listen to and read, I didn't. I didn't, that is, until I heard about it on Fox! Yep, that's right: "Only Minutes Left to Complain About Credit and Debit Card Fees:"

http://www.newshounds.us/2008/08/09/11_minutes_before_comments_close_cavuto_tells_his_audience_that_the_fed_is_accepting_comments_on_new_credit_card_rules.php#more