Democrats who want 30 percent credit card rates

I've been posting some stories on the Senate defeating the cap on credit card rates at 15%, a very fair rate in these times, or any. They want it to stay at a usurous 30%, a rate which, in times previous to Reagan's usherance in of deregulation, may have been illegal if not usurous. These were rates that were once only found with loan sharks, and street corner thugs who kept families in debt to them, calling favors for those debts. It's right out of The Dead End Kids.

Now, these Senators are protecting their states where Credit Card companies and banks operate without supervision, free to do as they please. Those states are Delaware, South Dakota, and Connecticut. among others.

Thanks you (tongue in cheek) Senators Chris Dodd, John Thune, Tim Johnson (South Dakota), Tom Carper, Ted Kaufmand (Delaware) and lone Democratic Rep Stephanie Herseth Sandlin of South Dakota for joining the Republicans to soundly defeat such a bill that would actually help the consumer. It is now clear who represents the banks.

Perhaps, as I note those states looking for help from the rest of us - such as Delaware wishing for money to aid its film industry - it is up to the rest of us to call our Senators and Representatives to let them know we are watching their votes on such bills to see if there is some sort of line that says "We're for the consumer, not the banks, who already make so much on our backs."