Bernie Sanders says Bernanke has the power to lower credit card rates today. Bernanke, just do it!

[flpoljunkie]

Letting credit card companies raise interest rates for no good reason, but to pad their earnings, is unconscionable. Durbin was right when he said that, 'frankly, banks own the place.'

Democrats fail to respond to this outrageous conduct by banks, Wall Street, credit card companies at their electoral peril. Wake up, Democrats!

[abelenkpe]

1. Yeah what's up?

Banks fees and credit card rates are outrageous. Return on savings is also ridiculous. Banks are out of control. I was wondering if anyone else thought it was grotesquely unfair. They're basically forcing their customers pay them extra through all sorts of gimmicks so they can pay back the taxpayer loan from the government aren't they?

[flpoljunkie]

2. Don't count on Congress doing anything. Remember what Durbin said, 'Frankly, they own the place.'

The American people do not speak up about these outrageous practices by the banks, credit card companies-- so they continue unabated.

[Vincardog]

3. So move your money to your local Credit Union

[flpoljunkie]

4. Credit unions are allowed by law to charge no more than 15%. Do they accept balance transfers?

If so, this would be a good move for those whose credit cards rate has been jacked up--some as high as 50%, I understand. There ought to be a law against this. Don't you think?

[quantass]

5. LOL..I will donate $2,500 if he lowers credit card rates any time this week or next .. no BS...

Bernanke won't do it...he is totally for corporations..if anytihng he will encourage them to spike up the rates.
But hey...if he does lower it i will eat my words and donate big time!

[flpoljunkie]

6. I agree. Of course, Bernanke won't do it.