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 “The Hunt for Black Gold” will re-air on Sunday, September 28th at 10PM ET on CNBC.



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