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Economics Discuss Thad Cochran and others block bill to freeze credit card interest rates at the Political Forums; Originally Posted by Sulayman Apply Ockham's Razor to this question and you have your answer. Maybe he's smart enough to ...

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Old 11-19-2009, 09:36 AM
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Default Re: Thad Cochran and others block bill to freeze credit card interest rates

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Originally Posted by Sulayman View Post
Apply Ockham's Razor to this question and you have your answer.
Maybe he's smart enough to realize that we need to drive up consumer credit rates to where people will stop using credit for stupid crap and start saving for stupid crap instead. It's doubtful, since he's a congresscritter, but one can hope.
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Old 11-19-2009, 04:42 PM
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Default Re: Thad Cochran and others block bill to freeze credit card interest rates

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Originally Posted by faithful_servant View Post
Maybe he's smart enough to realize that we need to drive up consumer credit rates to where people will stop using credit for stupid crap and start saving for stupid crap instead. It's doubtful, since he's a congresscritter, but one can hope.
Funny how you guys try to find a way to defend the jerk because of the "R". You would never cut that slack for a lefty.
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Old 11-19-2009, 04:55 PM
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Default Re: Thad Cochran and others block bill to freeze credit card interest rates

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Originally Posted by Mikeyy View Post
Funny how you guys try to find a way to defend the jerk because of the "R". You would never cut that slack for a lefty.
Nope...

Here's what I wrote...

Quote:
Originally Posted by cnredd
Thad Cochran could very well be in the tank or a puke or a scoundrel or 50 other terms...

But I can't say that based on what's been reported...YET...
In other words, I'm attacking the MEDIA for not reporting WHY...
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Old 11-19-2009, 05:02 PM
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Default Re: Thad Cochran and others block bill to freeze credit card interest rates

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Originally Posted by cnredd View Post
Nope...

Here's what I wrote...



In other words, I'm attacking the MEDIA for not reporting WHY...
Its the whole "lets wait and see if he had a good reason before ragging him" Is what I mean.

Ah I like ya redd. I wouldn't attack ya. Just sayin you guys give a little more leeway for an "R" thats all.

Personally I would never be partisan.
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Old 11-19-2009, 06:49 PM
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Default Re: Thad Cochran and others block bill to freeze credit card interest rates

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Originally Posted by Mikeyy View Post
Funny how you guys try to find a way to defend the jerk because of the "R". You would never cut that slack for a lefty.
You lose. I said right off the top that he was in the tank. But so is Chris Dodd - just a different part of the tank.

Until we finally bite the bullet and publically fund all federal elections we will be stuck with the congress that industry buys.
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Old 11-19-2009, 07:06 PM
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Default Re: Thad Cochran and others block bill to freeze credit card interest rates

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You lose. I said right off the top that he was in the tank. But so is Chris Dodd - just a different part of the tank.

Until we finally bite the bullet and publically fund all federal elections we will be stuck with the congress that industry buys.
see we agree again. And you thought it was impossible
Dodd is a double dealer.
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Old 11-19-2009, 07:25 PM
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Default Re: Thad Cochran and others block bill to freeze credit card interest rates

What did I think was impossible?
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Old 11-19-2009, 08:19 PM
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Default Re: Thad Cochran and others block bill to freeze credit card interest rates

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What did I think was impossible?
Oh nothing.
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Old 11-20-2009, 05:18 AM
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Default Re: Thad Cochran and others block bill to freeze credit card interest rates

I truly have no idea what you're talking about.
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Old 11-22-2009, 06:16 PM
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Default Re: Thad Cochran and others block bill to freeze credit card interest rates

I would be very afraid of the unintended consequences on this or any other financial matter that the Senate in general, Dodd in specific, concern themselves with. I can predict that credit will tighten up, (as it should for credit cards), some group like ACORN, ACLU, or the Rainbow Push will cry, "racism" or someother unfair practice on the part of the finacial institution, then some dumbarss congress person like Barny Frank will change the laws to force lending at a lower rate with a lower threashold to obtain a creditcard. Read, "community reinvestment act".

I have paid way more than my "fair share" of overdraft fees, (usally for a 4.00 coffee) late payment fees, had my interest rates increased and any other penalty that the banks could think of. In the end, all of those actions were in responce to my mismangement of funds, intentional and otherwise.
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