Vermont Senator Bernie Sanders has an excellent You Tube video – check it out:  http://www.youtube.com/watch?v=dANmTKOO1oY .  Michael Briggs (Senator Sanders’ Communication Director) sent the video to us – thanks again Michael.

Senator Sanders is proposing caps for interest rates on credit cards at 15% while calling for reform on the way the folks on Wall Street have recently conducted themselves.

Three (3) banks (Wells Fargo, Chase, and Bank of America) hold 30% of the deposits in this country. That’s over $2 Trillion! We hear a lot of people saying “they are too big to fail”. Our response to that: If they are too big to fail, they are too big to succeed! If these institutions that are raising rates as high as 30% or more while not lending money are so fundamentally sound why has their stock been plummeted by investors? Raising rates and not lending is called loan sharking. My recollection is that loan sharks get put in jail.

Isn’t anyone besides Senator Sanders standing up to the lobbyists of the special interests that caused our financial mess by making bad bets with our money that they lost?

President Obama talked today to Wall Street – let’s hope that someone there really listens to what is being said. 

On behalf of We The People, thanks again Senator Sanders for your efforts.