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The Senate overwhelmingly rejected an effort to impose a 15 percent cap on interest rates for banks and credit card companies yesterday. The banking and credit card lobby had made this vote a priority with literally hundreds of lobbyists working members. It was an interesting alliance of Republican and Deomocratic members on a volatile issue.
Senate Votes Down Limits on Credit Card Interest Rate
Seeded on Sat May 16, 2009 10:37 AM EDT
Article Source: http://jonathanturley.org/- Enjoy this article? Help vote it up the 'Vine.
- Public Discussion (4)
I guess they can buy our senators, only in America. How long are the citizens going to allow the people they elect to office the rights to walk all over them. They get rich taking money from the lobbyist.
- 2 votes
#1 - Sun May 17, 2009 5:40 AM EDTIt just amazes me the our government will step in and give our money away to banks or spend our money on useless projects but when it comes to stoping someone from actually taking advantage of us they look the other way. Unfortunately we elected these people and we just seems that we can't get rid of them fast enough. Then when election time comes the offer free stuff and so many people buy it. Maby when the dollar finally crashes, the majority of the people will stand up for a Constitutional Government once an for all.
Government is not the answer, Government is the problem
#3 - Mon May 18, 2009 12:39 AM EDTGovernment isn't the problem. Electing people who believe this is the problem.
First they break the government, then they point to the broken government as proof that government can't work.
- 1 vote
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