https://x.com/SenSanders/status/1857527478715031865
I look forward to working with the Trump Administration on fulfilling his promise to cap credit card interest rates at 10%.
— Bernie Sanders (@SenSanders) November 15, 2024
We cannot continue to allow big banks to make record profits by ripping off Americans by charging them 25 to 30% interest rates.
That is usury.
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That's not what happened at all....
I said that a cap on interest rates would keep a lot of people from being approved for cards. When asked why this would matter i explained the benefits of credit cards.
Those benefits aren't tied to interest rates and id never say something that r-slurred.
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you literally just typed up the sentence:
aruging that a cap on interest rates result in less people getting the benefits of cards... and my respond is that it's completely fricking
those consumer benefits are inherently attached to interest charging lines of credit. the regulation shouldn't be limited to lines of credit, the consumer protection should be a general protection for all electronic payments.
the fact someone as completely
as u can survive in our society is exactly why we deserve the extinction we've been diggin
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It will cause that. It's not an argument its an obvious statement of fact.
Ok what does that have to do with the current discussion of just capping the interest rate and making no other changes? That is the idea on the table. Not your r-slurred plan to rework all electronic payments.
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cap the fricking interest rates.
if ur concerned about people losing protection, then the argument should be for regulating all electronic payments, not leaving around an exploitative system because we currently only attached consumer protection to that.
seriously fricking
for being exactly the kind of myopic butthole that makes us deserve a shit unsustainable society.
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Then you're an actual r-slur. You're willing to hurt people because credit cards bad and your feels>reals.
Oh you're a commie. Lol 😁 i should have known. Sorry commie but the adults are talking
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usury was consider exploitive long before any commie existed, worthless goyem
there is absolutely no good reason in any society why basic consumer protections should be attached to 30% interest rates, or for 30% interest rates to exist.
like u supposedly cognizant of the benefits for consumer protection, but argue that we can't detach them from the 30% interest rates?!
ur literally just blindly defending the status quo u stupid fking
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A 10% cap on credit card interest rates will be the end of credit cards going to most people. They will lose all benefits that come with credit cards. They offered nothing else with this interest rate cap so i don't get why your bringing them up.
No I'm saying they won't do it. They're very clear on what they're offering and it isn't this.
Lol poor
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what r u some kind of commie? if people can't afford to pay for benefits directly they don't deserve em.
because they are a mostly a bunch of absolute slobbering
just like urself.
hence the
recommendation. the less of u the better.
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You just advocated for capping interest rates so that they lose them. Are you fricking stupid or something?
I have a recommendation: suck start a gun.
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