Comments on: Plastic People: Frank, Pelosi Don’t Want Credit Card Interest Rates Capped

By: Dameocrat

Dameocrat — Tue, 05 May 2009 03:58:38 +0000

me too. Remember Obama was supposed to be better than dlc Clinton. I think the neocons cover all their bases so you have look at actual records and not just assume that because they are running against a certain blue dog, they are not blue dogs.

By: Dameocrat

Dameocrat — Tue, 05 May 2009 03:55:55 +0000

good move. Let’s also encourage people to close accounts with the bad banks and open accounts with their local credit unions. My father just dumped Wells Fargo thank goodness.

By: Dameocrat

Dameocrat — Tue, 05 May 2009 03:54:02 +0000

If indeed the republicans are a southern regional party for southern baptists, why can’t we create a progressive party opposition the democrats in the over 3 regions?

By: PJEvans

PJEvans — Tue, 05 May 2009 01:17:25 +0000

I think someone needs to remind Congress, as well as the bank mismanagers, that their lifestyles are being paid for by the folks, all over the country, with the pitchforks and torches. And you can bet that the housekeepers and gardeners know where they live, too.

Do they really want another revolution?

(One of my friends was telling me about writing a check on an account at one place, to an account at another, and being told by the second bank, a Big Name Institution, that there would be a two week hold on the funds. I could see that if it was cross-country snailmail, but they don’t do it that way any more - it’s really obvious that they’re trying to milk the float. I told her tow write the bank’s president/CEO/customer service management and tell them exactly why she’ll be avoiding them.)

By: Jano

Jano — Tue, 05 May 2009 01:14:03 +0000

I don’t understand why these pages are not filled with rage. Are Democrats so badley traumatized or is it that they just don’t care?

By: beechnut79

beechnut79 — Tue, 05 May 2009 00:29:05 +0000

Can we start an activist group to continue the crusade for better terms for credit card holders. And since for years the accepted cap was at 18 percent, we can name the campaign “18 is enough.” How do we get started?

By: gussmith

gussmith — Mon, 04 May 2009 21:22:07 +0000

Beyond me how a representative of the people puts money first – before principle. Time to get to work on TERM LIMITS!

By: TarheelDem

TarheelDem — Mon, 04 May 2009 20:51:06 +0000

I have a problem even with Donna Edwards’s amendments. A 10% spread? When banks were regulated (before Carter’s bank deregulation bill and Reagan’s extensions to it) banks by regulation operated on a 3-point spread. A credit card rate of 7% was seen as usurious. Now on credit cards, we are approaching a 30-point spread.

A ten percent cap, while a step in the right direction, is not what our negotiating target should be.

How the heck are we going to ever buy our country back?

By: BooRadley

BooRadley — Mon, 04 May 2009 20:45:58 +0000

Called Donna Edwards office to thank them for all their great work. I mentioned the credit card amendments and that we need more Democrats like Donna.

By: BooRadley

BooRadley — Mon, 04 May 2009 20:43:10 +0000

The woman who answered at Barney Frank’s office said she would certainly pass along my support for Congresswoman Edwards’ amendments to cap interest rates.