McCain Sucks, Palin Sucks = No Bush left behind

Consumer Watchdog goes to Washington

Posted on: September 24, 2008

Reprint from Consumer Watchdog

///

When Enron and Wall Street demanded a huge bailout from Californians during the 2001 energy crisis, we organized the bailout watchdogs in Sacramento to stop them. That’s why Consumer Watchdog’s founder Harvey Rosenfield got on a plane to DC yesterday and is walking Capitol Hill today with a list of consumer demands, along with Public Citizen’s Joan Claybrook.

Send a free message to Congress now to support them.

At the top of the list of demands is a cap on interest rates charged to consumers who get loans from bailed-out banks. As Harvey says, Why should bailed-out banks borrow from the Federal Reserve at 2% and be able to charge consumers 7% to 25% in interest? (Read Harvey’s statement.)

We should not be bailing out Wall Street. But if Congress is going to turn over a trillion dollars in ransom, let’s make sure we at least get back the victim of the kidnapping: reasonable and responsible lending policies.

In order to have a permanent Consumer Watchdog presence in our nation’s capital, we are planning to open an office in Washington, D.C. next year. Your tax-deductible contributions will help us reach that goal.

Thanks for all your support,

Jamie Court, President, Consumer Watchdog

P.S. — Moments ago, Harvey and Joan finished a press conference in front of network television cameras. Consumer Watchdog will also be in the news tonight on national energy policy. Watch for a special one hour CNBC documentary, “The Hunt for Black Gold,” 9:30PM Eastern ( 6:30 PM Pacific) & 1AM Eastern (10PM Pacific) featuring research and opinion from our OilWatchdog project. (For more information, including web extras and extended video clips, log onto http://huntforblackgold.cnbc.com) “The Hunt for Black Gold” will re-air on Sunday, September 28th at 10PM ET on CNBC.

///

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: