Tuesday, October 07, 2008

Cap Interest Rates at 14% for Consumers

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All of the efforts to save the economy are bandaids for the top. We need to help the bottom by establishing a maximum interest rate of 14%, effective immediately, for all existing and future consumer loans. Also cap all bank "fees" to $10/ month, regardless of how many ways the banks figure out to get them. ATM fees to a max of $10 per withdrawal.

By putting money back in the hand of the "little people," the economy will unfreeze. If we don't do this, there will be a depression.

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