this story will probably make you pretty angry. after the terror attacks on september 11th, california launched a program where the department of motor vehicles sold a special 9/11 memorial license plate. all the funds were supposed to go to either anti-terror programs or a scholarship program for the family members of californian 9/11 victims. instead, both governors jerry brown and arnold schwarzenegger used the funds to help plug up the california deficit. here to comment is the host of varney & company on the fox business network, stuart varney. how could they possibly do that? it s a mark of desperation. california is broke. they ve got a $17 billion deficit and they re scrounging around to any available pool of cash including this one to sort of help them bail out that deficit. even though, look, they re $15 million that s been collected over the past 10 years. you pay $50 and you get the special license plate. $40 annual renewal fee.
a month servicing fee, $45 a year annual renewal fee. these types of fees these are the things individuals should expect because of the card act. now banks are trying to figure out how to dip into individuals pact pokts. we need to be very cautious. she knew all of this. this was clearly stated. show knew the rate would jump up if she didn t make the payments on time, right? this is the thing, you know? i m an advocate aagainst a lot of these financial predators. i get very upset. but getting mad at these individuals is almost like getting mad at sharks for being attracted to bloody waters. this is what they do, trying to make money. they re trying to figure out how to month nip late the suspect. we have to be on guard. we re the ones checking our credit reports and our fico scores. she could have easily gone down to bank rate.com and got a secured card with no fees and put up $300 collateral and got a