These Two Charts Show the Shocking Truth Behind the Sanders/AOC Plan to Cap Credit Card Interest Rates
http://wallstreetonparade.com/2019/0...nterest-rates/
article includes: 9-minute video

Quote Calling 20 and 30 percent credit card interest rates “extortion and loan sharking,” Senator Bernie Sanders and Congresswoman Alexandria Ocasio-Cortez yesterday introduced the ‘‘Loan Shark Prevention Act’’ which would set a Federal cap of 15 percent on interest rates that can be charged to consumers. ..... Compare how that struggling American was treated versus the $29 trillion that the Federal Reserve secretly funneled to the same banks that were charging their customers over 20 percent interest on credit cards... Citigroup, Morgan Stanley and Merrill Lynch .... mean interest rate was 1.065 percent.