Sen. Dodd on Ed Schultz show last night speaks favorably of Sanders/Durbin credit card usury bill.

[flpoljunkie]

Let's hope Dodd will get behind it, as Chairman of the Banking Committee. It would be immensely helpful for him to stand with the American people against credit card companies, particularly after his recent problems with the AIG bonuses and his Countrywide loan brouhaha (which I do not think amount to much).

http://www.msnbc.msn.com/id/21134540/vp/30144069#30144069

Interview with Senator Chris Dodd begins about 3:45 into the tape. The discussion of the Sanders/Durbin credit card interest rate usury bill begins t about 7:00 minutes into the tape.

[flpoljunkie]

1. Senator Bernie Sanders bill is S.582 . Email or call your senators to support S.582.

S.582

Title: A bill to amend the Truth in Lending Act to protect consumers from usury, and for other purposes.

Sponsor: Sen Sanders, Bernard (introduced 3/12/2009) Cosponsors (5)
Latest Major Action: 3/12/2009 Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

COSPONSORS(5), ALPHABETICAL : (Sort: by date)

Sen Durbin, Richard - 3/12/2009
Sen Harkin, Tom - 3/23/2009
Sen Leahy, Patrick J. - 3/24/2009
Sen Levin, Carl - 3/23/2009
Sen Whitehouse, Sheldon - 3/23/2009

http://thomas.loc.gov/cgi-bin/bdquery/D?d111:6:./temp/~bdIa0S:@@@P|/bss/|

[AtomicKitten]

2. The audacity of taking taxpayer money and turning around and screwing their own customers

is beyond the pale. Dodd was a bit squishy on whether or not this would be retroactive; I hope so.

K&R

[flpoljunkie]

3. We must make it very uncomfortable for him to remain squishy on retroactivity.