Senators Maria Cantwell and Patty Murray, both Washington state Democrats, make Firedoglake’s list of “Democrats for Loan Sharking” for voting against credit card rate caps.
In the old days charging absurdly high interest rates was called “usury” and it was a crime. Not so much any more. Wouldn’t want to spook the stock market or the bankster lobbyists. The vultures no longer need thugs and guns, they wear Armani suits and stalk elected officials.
Meanwhile, if you find yourself unable to pay off a credit card charging 21% or more interest, well, that’s just too damn bad for you. What are you going to do about it, ordinary American? Vote for someone else? Who would that be? The game is rigged, at least on the economic front.