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eO Recommend l Card n Online a Credit d Recommend h Ccwerecommend searchz Card search Recommend s Ccwerecommend ac Online Credit They are all in on it. Democracy in this country is for the privileged few. We, the (little) people, just pay the taxes to support the elite.
Do you really expect anything different?
— Jane M. JordanHave any of you read the bill? It actually hits upon all the areas it needs to (ie, drop of the hat rate changes, double billing, changing payment dates and time, etc.). If they tried to set interest rates at 15%, most of the people who depend on having access to credit each month will not have it. No business is going to take the risk of loaning money to these people without a higher reward. I’m not saying they shouldn’t cap the rates at about 35%, but 15% is way to low. It would only hurt the people the bill is intending to help.
— BenThis just confirms what I fear the most. Our democracy isn’t what the politicans tell us it is, what it’s supposed to be. It’s corrupt. Let me say that again.
OUR POLITICANS ARE CORRUPT.
Both the government and corporations are out to get us. They work for each other but not us. Obama must bring change, and much sooner than he has..
— C Gallagher1> credit card rate law rejected
2> bk reform rejected
govt for the people by the people
hahahhahhaha
— btbIf there weren’t people paying 20-30% on their credit cards out there, the banks wouldn’t be able to give me 4%. If you don’t like the deal, don’t take it.
— Vijay IyerCredit cards are unsecured debt. As such, the banks are simply pricing for the risk of default based on credit history and the absence of collateral.
If you have a 700+ credit score, you can very easily find a card with a rate of 6% – 10%. If you have a low credit score (under 650 usually) your rate will be substantially higher because you’ve not proven the ability to borrow responsibly.
Therefore – if you don’t like the interest rates on credit cards don’t use them. It’s not the job of government to protect us from high interest rates – it’s the responsibility of the people to live within their means.
— Keith BurghardtIt’s time for senate limits, that’s all.
Don’t go into a tizzy here. Either we impose limits on senate terms, or we let old farts who have no idea what’s going on who still live in the early 1900′s run our country.
What’s it going to be?
— scotThe comments are generally right on. Any one who contributes to the campaign fund of these rapacious frauds needs to know he or she is financing their own extermination. I share the rage.
Publish the voting list. Those who supported the continued loan sharking should be punished. Credit card debt is a legal and highly deadly drug.
— Millingtonterm limits and age limits for these XXXXXs
— Amos LakosA one-stop destination for the latest political news — from The Times and other top sources. Plus opinion, polls, campaign data and video.
President Obama will spend the coming week trying to stay one step ahead of Mitt Romney in fund-raising and in the polls in a dozen battleground states.
Mayor Cory Booker of Newark, a prominent Democrat enlisted as a surrogate for President Obama’s campaign, sharply criticized the campaign on “Meet the Press” on Sunday for attacking Mitt Romney’s work in the private equity firm Bain Capital.