Thom accuses CEI's John Berlau of Usury

[707hoser]

Sure, everybody should be free to pay 30% interest! Isn't that what free enterprise is all about? Wait a minute, there is no free enterprise.

[xadam2dudex]

the credit card companies have bought congress so that is why they have get everything they want in interest and fees..they even rewrote the bankruptcy law that was passed under Bush for the total benefit of the credit card industry

[luvcheney1]

Credit card interest rates are high because there is no collateral involved, and people routinely do not pay their bills, and declare bankruptcy. The card companies apply different rates depending on your credit rating, a belief in the whether you will pay or not. Risk determines rate. So, if risk indicates a rate above 16%, and it is illegal to charge over 16%, that deadbeat will be denied credit. Thom, in his ignorance, wants these folks to be denied credit. How nice of him to decide.

[jimlaregina]

"Competitive Enterprise Institute?" Who bankrolls that?

[xadam2dudex]

wealthy people, large corporations and foundations mostly with a vested interest to push for non-regulation of corporations

[ZangaroZen]

@jimlaregina, who bankrolls "Competitive Enterprise Institute" you ask? Big oil, bottled water, credit card companies, etc. They call themselves a "think tank" I consider them big corporate paid shills.

[jimlaregina]

@ZangaroZen

Thanks - I had it feeling it wasn't part of A.C.O.R.N.!

[ZangaroZen]

@jimlaregina, want to know how big a corporate dildo on maximum vibrate they have up their asses and every other orafice? Watch CEI bum buddies Chris Horner and Lee Doren here UGt3YheyE4E and 17fbePC1DEc . That's right, the BP spill amounts to "natural seepage" no big deal, besides it was a "freak situation...that couldn't have been prevented". Nobody BSs like paid big corporate shill BSers.

[Teenagefreedomfightr]

I really wish Thom would stop using the term "banksters". I completely agree with what it infers but it's just a cheesy as the catch-words conservatives love.

[julsHz]

I don't know about anybody else, but the so called 'free market' is costing me up the wazoo and my choices seem limited to corporate products. What an oxy- maroon.