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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 08:00 AM Original message |
Bernie Sanders has introduced his credit card usury bill with Dick Durbin as a co-sponsor, S.582. |
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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 08:04 AM Response to Original message |
1. Edited to add that the maximum allowable rate in their bill will be 15%. See OP for details. |
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Danger Mouse (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 08:13 AM Response to Original message |
2. This sounds like a good one. |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 08:55 AM Response to Original message |
3. Look for our conservative Democratic friends (Bayh, Carper, etc) to block this. |
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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 09:05 AM Response to Reply #3 |
4. It definitely will not happen without a lot of support from us, the voters, as special interests |
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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 09:14 AM Response to Reply #4 |
6. Opensecrets.org shows Finance/Iinsurance/Real Estate sectors split money 51% D's-49% R's. |
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tavalon (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 10:04 AM Response to Reply #4 |
15. I don't know whether it will happen or not and I will certainly do my part |
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Peace Patriot (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 11:04 AM Response to Reply #3 |
18. "Conservative" in current usage = radical fascist. 'Leaders' who want 30-40% interest rates |
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invictus (1000+ posts) Send PM | Profile | Ignore | Mon Mar-16-09 12:27 PM Response to Reply #18 |
44. Exactly! The modern Republican Party is a fascist organization! n/t |
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invictus (1000+ posts) Send PM | Profile | Ignore | Tue Mar-17-09 11:16 AM Response to Reply #44 |
46. . |
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mucifer (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 09:09 AM Response to Original message |
5. Be prepared for the corporate press to ignore the issue so people don't put |
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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 09:17 AM Response to Reply #5 |
7. I expect them to totally ignore S.582. Perhaps Jack Cafferty, Rachel Maddow would promote bill. |
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vaberella (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 06:35 PM Response to Reply #5 |
32. Let's put some heat on their arses?! I'll let Rangle and Schumer know. |
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Thrill (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 09:23 AM Response to Original message |
8. If Durbin is sponsoring it. Obama must of already gave the ok he will sign it |
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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 09:33 AM Response to Reply #8 |
11. Let us hope that is the case. |
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vaberella (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 06:33 PM Response to Reply #8 |
31. I hope so...I hope so. n/t |
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hamsterjill (1000+ posts) Send PM | Profile | Ignore | Mon Mar-16-09 09:57 AM Response to Reply #8 |
40. Perhaps Obama will mention it in a presser? |
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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Mon Mar-16-09 11:23 AM Response to Reply #40 |
42. That would be incredibly helpful, but frankly, I do not expect him to do so. |
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Laelth (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 09:27 AM Response to Original message |
9. Good news. Hope it passes. n/t |
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progressoid (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 09:30 AM Response to Original message |
10. You mean the rates it used to be before we decided to let corporations make their own rules? |
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LuckyLib (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 09:38 AM Response to Reply #10 |
12. Those rates exactly -- before the foxes got in the henhouse. The cc companies have been authorized |
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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 09:39 AM Response to Reply #10 |
13. Yes, when credit was deregulated in the early 1980's. The great Elizabeth Warren on the subject... |
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starroute (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 10:38 AM Response to Reply #13 |
17. Things started changing even in the 70's |
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progressoid (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 04:03 PM Response to Reply #13 |
27. More damage from the Great Reagan. |
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Canuckistanian (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 09:41 AM Response to Reply #10 |
14. Exactly. And Bernie said that the 15% rate was chosen specifically |
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wroberts189 (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 06:30 PM Response to Reply #10 |
30. Ya know its always encouraging to know I am not the only one who remembers.. |
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bottomtheweaver (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 10:21 AM Response to Original message |
16. Good move. |
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hugo_from_TN (895 posts) Send PM | Profile | Ignore | Sat Mar-14-09 11:11 AM Response to Reply #16 |
19. Why would anyone lend you money if they got zero interest on it? |
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Waiting For Everyman (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 11:42 AM Response to Reply #19 |
20. That's happening now, so where is the logic for it coming from? |
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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 11:48 AM Response to Reply #20 |
21. Fifteen percent would be the maximum allowable--far better than what's allowed by law today. |
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RepublicanElephant (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 01:17 PM Response to Reply #19 |
23. yeah, like high school and college students. nt |
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dickthegrouch (838 posts) Send PM | Profile | Ignore | Sat Mar-14-09 12:35 PM Response to Original message |
22. I'd like to see them pay the same fees and interest as us |
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totodeinhere (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 01:21 PM Response to Original message |
24. This is a great bill. I will be calling both of my senators. n/t |
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Sebastian Doyle (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 01:41 PM Response to Original message |
25. For those of you who live in Bible Belt states |
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LittleBlue (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 02:38 PM Response to Original message |
26. Bravo, Bernie. Calling it "usury" is especially powerful. |
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snowbear (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 05:03 PM Response to Original message |
28. Love Bernie & Durbie |
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wroberts189 (1000+ posts) Send PM | Profile | Ignore | Sat Mar-14-09 06:27 PM Response to Original message |
29. So will the "new democrats" or so called moderates oppose this? |
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cascadiance (1000+ posts) Send PM | Profile | Ignore | Sun Mar-15-09 06:56 AM Response to Original message |
33. How will new Delaware senator Kaufman replacing Biden come down on this? |
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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Sun Mar-15-09 02:24 PM Response to Reply #33 |
34. How refreshing it would be if Senators served the public interest, rather the special interests who |
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Nicholas D Wolfwood (1000+ posts) Send PM | Profile | Ignore | Mon Mar-16-09 09:26 AM Response to Reply #34 |
38. Those "special interests" you speak of are the largest employers in DE. |
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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Mon Mar-16-09 11:20 AM Response to Reply #38 |
41. Actually, no. Credit card companies can make money without gouging people. |
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anonymous171 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-15-09 02:28 PM Response to Original message |
35. KICK nt . |
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invictus (1000+ posts) Send PM | Profile | Ignore | Mon Mar-16-09 08:27 AM Response to Original message |
36. K&R |
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OwnedByFerrets (1000+ posts) Send PM | Profile | Ignore | Mon Mar-16-09 08:51 AM Response to Original message |
37. Call your Senators NOW!! |
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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Mon Mar-16-09 09:32 AM Response to Reply #37 |
39. Thanks, OwnedByFerrets. |
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marlakay (1000+ posts) Send PM | Profile | Ignore | Mon Mar-16-09 11:26 AM Response to Original message |
43. Won't they just add more fees to cover it? |
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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Mon Mar-16-09 01:03 PM Response to Reply #43 |
45. Good point. Congress needs to rein in excessive fees and penalties charged by credit card companies |
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invictus (1000+ posts) Send PM | Profile | Ignore | Tue Mar-17-09 11:17 AM Response to Original message |
47. Kick! Call your representatives! |
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Raineyb (1000+ posts) Send PM | Profile | Ignore | Tue Mar-17-09 12:38 PM Response to Original message |
48. Senators Gillibrand and Schumer contacted |
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LittleBlue (1000+ posts) Send PM | Profile | Ignore | Tue Mar-17-09 02:00 PM Response to Original message |
49. We should all support this |
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