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Democrats veto credit card interest rate limits

Senate democrats look after the bankers by rejecting an amendment to limit credit-card interest rate to 15%.

User Comments

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Mardasee commented on 30 May 2009
The Senate is either yes corrupt or they simply used poor judgement. Many more people today are now scraping to stay alive and they are using their credit cards more than ever. When the credit card issuers begin raising interest rates it's going to create a surge of Chapter 13 filings and this of course is going to cause the credit issuers themselves to go bankrupt. What will the Senate do next when this happens? Borrow from the Federal Reserve and bailout the credit issuers? Duh!
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traingp7 commented on 16 Jan 2010
Fucking A right. I live in the CASH IS KING world and I still don't have a credit card and I'm in my 20's. I can just imagine how much money I have saved over the years by making money orders instead of using a credit card to pay for something. CAPITAL ONE can kiss my ass along with the rest of them.
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crazycarnypoptart commented on 24 Feb 2010
is anyone surprised? Every one of those senator is a corporatist democrat who has sold out. and most of them also have sold out on HCR so its not a surprise to me. I am surprised about cenk not reporting it becuase usually TYT is good about reporting this stuff
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Kevin Rowland commented on 15 Jun 2009
good video that shit pisses me off about the fucking senators that voted that shit down those credit card companies have made high interest rates their damn business model its rediculous
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Kojo Johnson commented on 10 Dec 2009
it's obvious that government (regardless of party affiliation ) is snugly into bed with big busness. what's not obvious is why we continue to not only tolerate but support them both.
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traingp7 commented on 05 Mar 2010
No I don't waste my time watching television especailly the news which is all garbage mostly about celebritites, car chases, and shit I don't care about.
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syxxeasy commented on 24 Feb 2010
@traingp7 This is just a question, please don't read into it. Do you watch Fox News. If so, do you watch Glenn Beck?
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realestatejt commented on 21 Mar 2011
Nicely done! I hope you keep posting more videos like this!

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