Senate Caves to Banks: 21 Dems Join GOP to Kill Credit Card Rate Limit
OPS_admin | May 13, 2009 | Comments 0
OPS: With Dems like these, who needs enemas ?
Senate Caves to Banks: 21 Dems Join GOP to Kill Credit Card Rate Limit
Last Wednesday, Sen. Dick Durbin, D-Ill., the majority whip and the chairman of the Subcommittee on Financial Services and General Government, said this:
DURBIN: And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.
Flash forward to today:
The U.S. Senate blocked consideration of a 15 percent cap on credit-card interest rates, as lawmakers continued debating ways to limit lenders’ fees and changes to contracts with consumers.
Senators voted 60-33 to invoke budget rules that killed the proposal, by Senator Bernie Sanders, a Vermont independent. Sanders said the action was needed to stop banks from routinely charging 25 percent to 30 percent on credit cards.
via Pensito Review » Senate Caves to Banks: 21 Dems Join GOP to Kill Credit Card Rate Limit.
Filed Under: Fascism, Police State, Authoritarianism
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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