Matt Taibbi: Another Senate Charade

Taibbi …

Bernie Sanders had put forth a proposal in the Senate to put a 15 percent cap on credit-card interest … Almost everyone has horror stories about consumer credit … In Washington, of course, it’s another story … So when something like this Sanders thing comes up, the outcome is usually pretty predictable. The measure got beat pretty soundly, but the Colorado delegation provided a comic asterisk to the defeat. Both of the state’s Democratic Senators, Michael Bennet and Mark Udall, initially voted “no.” But right before the vote, i.e. once it became clear that the bill had no chance of passing, they both switched sides and joined 31 other Senators in voting “yes.”

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This entry was posted on Tuesday, July 20th, 2010 at 8:41 AM and filed under Blog Posts, Economics, Politics. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.

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