Change Player Size
Watch this video in a new window

Obama's CFPA: The Next Great Leap Backwards for Consumer "Rights"

Is your mortgage confusing to you? Are you bewildered by credit card offers? Do you crave the simplicity of "plain-vanilla" financial vehicles whose complete terms can be read in less than four min...  
 
Customize

More From: ReasonTV

Loading...

QuickList(0)

Upgrade to Flash Player 10 for improved playback performance. Upgrade Now or get more info.
107 ratings
Sign in to rate
3,610 views
Want to add to Favorites? Sign In or Sign Up now!
Want to add to Playlists? Sign In or Sign Up now!
Want to flag a video? Sign In or Sign Up now!

Statistics & Data

Loading...

Video Responses (0)

This video has no Responses. Be the first to Post a Video Response.
Sign in to post a Comment

Text Comments (26)   Options

Loading...
trepidity23 (1 month ago) Show Hide
 0
Marked as spam
Here is the secret with credit cards. Don't use them to extend your budget outside your means. You can use them to help your credit score and not have to have cash or a load of debit transactions to keep track of daily. Keep track of your spending of course though. Don't focus on your set limit by the credit card company, instead set yourself a limit built into your monthly budget, pay every bill off 100% each month, if you cannot, your overspending. If can't stop yourself, get rid of the cards.
trepidity23 (1 month ago) Show Hide
 0
Marked as spam
READ BEFORE YOU SIGN ANYTHING.
If you don't understand the agreement. Don't sign it until you do and from your understanding of the agreement are willing to agree. If you sign an agreement you don't understand it's not the other party's fault you don't understand it. It's your fault for agreeing to it. Take some personal responsiblity. Essentially Obama by things like this is saying, "Ok look, the people are stupid and uneducated. Therefore they are not responsible for their own actions." FAIL
Silvsilvchan (3 months ago) Show Hide
 0
Marked as spam
You carry four credit cards in your wallet.

I carry zero.

But that's your choice. Personally, I dislike going into debt of any sort, and every time you charge something you are going into a form of debt. *shrugs*
wimscheers (3 months ago) Show Hide
+1
Marked as spam
I love the tone used while saying 'The Repbulican program is Actually worth looking at'
TenseAlcyoneus (3 months ago) Show Hide
+1
Marked as spam
And on the style, Nick Gillespie looks like he could kick Jean Claude van Damm's ass by ripping off Superman's arm, clubbing Rambo to death with it, taking his gun and going Matrix on the Nederlander douchebag. I like that.
TenseAlcyoneus (3 months ago) Show Hide
+6
Marked as spam
Who give a flying f**k about product complexity. Complex products lead to broker markets. Broker markets have, well brokers, who are expert enough to mitigate contracting hazards. Of course, this makes products more expensive to sell and market.

But wait! That's a huge economic incentive to keep products simple. Then the best explanation for overly-complex financial products is some externality....thinking...thin king...got it! Government regulation.
humanman65 (3 months ago) Show Hide
 0
Marked as spam
The credit small businesses utilize comes into play often. Like a consumer who puts several purchases, over a weekend, on a card and then does it again a next weekend. Small businesses work to grow and will buy justified by speculation of sales.
This is not new.
Something about that reminds me of the 90's.
-Frequent purchesness via low cost items is not limited to consumers. Convenience stores and Extension Class Community College Educators partake in the phenomenon.
Same as the old boss.
SpiralOut11235 (3 months ago) Show Hide
+4
Marked as spam
Gotta get that jacket and those sideburns...
HymerSchmidt (3 months ago) Show Hide
+1
Marked as spam
I swear Nick has a time machine he's telling no one about.
sniper6081 (3 months ago) Show Hide
+2
Marked as spam
ANOTHER BUREACRACY!!! As if the fourteen we have now weren't enough!

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.