Well, I suppose I was wrong. At any rate, I believe it's a publicity stunt. Credit cards aren't going to cut their profits nor their usury. If a law is made against getting it through fence A, they'll dig a hole under fence B.
We will see, I'd like to give him the benefit of the doubt. the way I see it he has no motive to either propose or sign ineffective consumer protection legislation. How the bill gets manipulated in the senate and the house, and how Obama deals with that will be interesting to see.