Feb 22
Lesson Plan: When Running for Governor, Start Criticisms Early

Chris has something to say, y'all.

STATEMENT BY CHRIS BELL ON HB 23

There is no logical basis to link insurance rates to credit ratings. If someone is late on his credit card bill, that does not mean that a tornado is going to hit his barn. Economic redlining only serves to protect the profits of insurance companies, and we have a moral mandate to stop this now and to lower the barriers to home ownership.

This is not a partisan issue. The sponsors of HB 23 are Republicans, and in 2002, Rick Perry promised to end credit scoring in Texas. He was right to take that election-year stand back then, and though his appointee at the Texas Department of Insurance is protecting economic redlining, the Governor would do well to keep his earlier promise.

We're not much for posting press releases, but this is an issue we can agree to wholeheartedly. If we didn't spend our days down at the payday advance loan store getting cash advances for booze maybe our credit would be better and we'd not be so worried about our credit score making us ineligible for insurance.

PinkDome at 10:03 AM
 
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