Source: Orange County Register
by Steven Greenhut
“Here’s a statement by U.S. Sen. Bernie Sanders, the democratic socialist from Vermont, about calls for the federal government to cap card rates at 10 percent: ‘Americans are being crushed under the weight of record credit card debt – and the biggest banks are just getting richer. The government was quick to bail out the banks just this spring, but has ignored working people struggling to get ahead. Capping the maximum credit card interest rate is fair, common-sense, and gives the working class a chance.’ I’m just funning with you. That statement was not from Sanders, but from his colleague, Sen. Josh Hawley. He’s one of the most pro-MAGA Republicans in the Senate. Here’s what Sanders actually said: ‘We cannot continue to allow big banks to make record profits by ripping off Americans by charging them 25 to 30 percent interest rates.’ Do you detect any difference? Neither can I.” (11/22/24)