“Everyone knows” that the reason 9/10 of your credit card offers come with a Wilmington, Delaware return address is because Delaware has far fewer regulations than most states on credit card companies opperating out of there. So all the credit card companies moved there to more easily screw over the little guy.
Obama alluded to this in the second presidential debate, and a few Dopers winced, thinking that he opened an opportunity for McCain to slam Obama’s running mate, Joe Biden, a US Senator from Delaware, as being at least partially responsible for this. (McCain didn’t, by the way, take the opportunity.)
My question, basically, is: huh? Biden’s a US Senator, and has been for, you know, forever. Okay, since 1973, which is longer than I’ve been alive. What part of his job is regulating credit card companies in his home state? Wouldn’t that be the job of Delaware’s *state *legislators?
But I’ll be the first to admit I’m an idiot when it comes to these things, so please, give me the Straight Dope.