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Demos' Caleb Gibson on Credit Cards

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Uploaded by on Jan 12, 2009

Caleb Gibson, Advocacy and Legislative Coordinator for the Economic Opportunity Program at Demos, appears on CNN's Lou Dobbs' segment outlining the problems with credit card interest rates, and why the Fed's recent reforms don't go far enough to help consumers today.

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  • It's simple. Don't buy things you can't afford. Live within your means. Then you don't have to worry about interest rates.

    If you're using credit cards to "live" you either have a spending problem or an income problem. Only the g'ment can print money. The rest of us have to earn it.

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