Fascinating, Tom Geoghegan on Democracy Now: How Unlimited Interest Rates Destroyed the Economy

[ProfessorPlum]

Run time: 05:27 https://www.youtube.com/watch?v=BLsK39xJus8   Posted on YouTube: March 26, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: March 26, 2009 By DU Member: ProfessorPlum Views on DU: 835

 
Talks about how lifting the cap for interest rates on loans was a big contributor to our current situation.

[pattmarty]

1. REGULATE NOW!!!!!!!!!!!!!!!!!

[pmorlan1]

2. YES!

Congress needs to do something about this because it won't matter if banks are lending again because people have too much debt to be able to borrow any more money. A big reason for this debt is the criminally high interest rates. It's LEGALIZED THEFT.

[lxlxlxl]

3. subscribe to harper's immediately

harper's has been on top of the issue in ways i dont think any other magazines have. i couldnt live without it.

[rambler_american]

4. K&R

The greedy bastards have destroyed the middle class, nay the United States of America. When should we start collecting torches and pitchforks?