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The Rational National | AOC & Bernie take on Wall Street greed

The Rational National | AOC & Bernie take on Wall Street greed

(11:03) Bernie Sanders and Alexandria Ocasio-Cortez propose a cap on bank interest rates. The Rational National YT channel

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CANCEL
Guest: (462 days ago)
Latest comment:

I thought everyone hated the banks so I don’t see any reason why you would need to regulate the interest rate they charge.  Just don’t use the banks and get your loans somewhere else like pawn shops.

“90% of consumers wanted a cap on credit card interest rates”  Of course they do but they aren’t the ones running the business.  I would like 0% loans and 1,000% interest on my savings account. Bernie, go make that happen for me.

Risk based pricing has been around for a long time.  If you have bad credit, you’re a high risk and you end up paying for it.  Pay your bills on time and you’ll get better rates in the future.

If these people that are living paycheck to paycheck and have some sort of emergency and unable to pay their bills go to a bank for a loan, Bernie can you tell us how is that person expected to payback the loan to the bank?  Is the government going to guarantee the loan and pay that back to the bank when the consumer is unable to?

Original comment
Latest comment:

I thought everyone hated the banks so I don’t see any reason why you would need to regulate the interest rate they charge.  Just don’t use the banks and get your loans somewhere else like pawn shops.

“90% of consumers wanted a cap on credit card interest rates”  Of course they do but they aren’t the ones running the business.  I would like 0% loans and 1,000% interest on my savings account. Bernie, go make that happen for me.

Risk based pricing has been around for a long time.  If you have bad credit, you’re a high risk and you end up paying for it.  Pay your bills on time and you’ll get better rates in the future.

If these people that are living paycheck to paycheck and have some sort of emergency and unable to pay their bills go to a bank for a loan, Bernie can you tell us how is that person expected to payback the loan to the bank?  Is the government going to guarantee the loan and pay that back to the bank when the consumer is unable to?

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