http://tdg.typepad.com/hrcsenatemajorleader09/2008/09/the-letter-to-democratic-senators-and-democratic-senate-candidates.html

How to sign The Letter:

Instructions for Signing The Letter to Democratic Senators and Senatorial Candidates
If you would like to sign the letter please send an email to marshamc55@gmail.com with “signer” in the subject line. Your message should included your full name, which we will add to the letter and your state and city and a contact phone number for identification purposes only. Your location and phone number will be kept private and will never appear on this site or any other public site.

Cap Outlandish Interest Rates on Payday Loans and Improve Disclosure: Obama and Biden will extend a 36 percent interest cap to all Americans. They will require lenders to provide clear and simplified information about loan fees, payments and penalties, which is why they’ll require lenders to provide this information during the application process.

I remembered something from the primary debate in South Carolina and did a little Google and found this in the CNN transcript. The link is below.

CLINTON: … be hurling these charges against one another, I’m used to taking the incoming fire. I’ve taken it for 16 years. But when you get into this arena…

(APPLAUSE)

… you can’t expect to have a hands-off attitude about your record. And it is perfectly fair to have comparisons and contrasts. I voted against a 30 — I voted for limiting to 30 percent what credit card companies could charge.

Senator Obama did not. That’s a fact.

(CROSSTALK)

OBAMA: Absolutely. It is a fact, because I thought 30 percent potentially was too high of a ceiling. So we had had no hearings…

(APPLAUSE)

… on that bill. It had not gone through the Banking Committee. I don’t know about a lot of folks here, most folks here, if they’ve got a credit card, are paying 29 percent. So under this provision, that would’ve been fine.

And we had not created the kind of serious…

EDWARDS: You voted against it because the limit was too high, is that what you just said?

OBAMA: That is exactly what I just said, John, because…

EDWARDS: So there’s no limit at all.

http://www.cnn.com/2008/POLITICS/01/21/debate.transcript/index.html

Let’s ignore them, okay?

Hillary:

…called for swift and strong action to stem the growing credit crisis on Wall Street. Assailing the Bush Administration for ignoring repeated warnings of the growing crisis and failing to provide adequate oversight of an increasingly complicated market, Senator Clinton offered a series of bold, specific proposals, including creating a new version of the Home Owners’ Loan Corporation (HOLC) to restore confidence in the market, curbing the most damaging and manipulative trading practices, providing relief to homeowners facing foreclosure, and reasserting competent federal oversight

Hillary’s proposals:

* Create a new entity to buy up and quarantine toxic mortgage securities that are dragging down the markets which would allow the markets to stabilize. Last spring Senator Clinton was among the first to call for a new entity modeled after the successful Depression-era Home Owners’ Loan Corporation (HOLC) or the Resolution Trust Corporation (RTC) created after the Savings and Loan crisis.

In response, Senator Clinton outlined a series of proposals to address the crisis, a crisis she warned about during the primary:

* Place a temporary moratorium on the most abusive stock transactions, many of which involve the “short-selling” of stocks. Yesterday, Senator Clinton wrote to the Securities and Exchange Commission urging such a moratorium, saying it would provide breathing room for the markets to recover, for investors to make accurate assessments of companies and for regulators to assess what trading practices should be permanently banned.

* Convene an emergency economic summit to show the American people their government is working together. Bringing together leaders in the administration and Congress with lenders, consumer advocates, non profits, financial institutions, and all stakeholders will allow a coordinated response to the crisis.

* Aggressively pursue and encourage mortgage modifications. Senator Clinton has introduced legislation to remove barriers to mortgage modification and to encourage lenders to voluntarily work with borrowers to keep them current on payments and in their homes.

* Restore competent federal oversight of the increasingly complicated financial markets. The rapid evolution of the securities and banking industry overwhelmed the current regulatory framework, resulting in a “shadow banking system” that operates outside of oversight and without accountability.

* Require transparency and accountability on executive pay. Senator Clinton has proposed the Corporate Executive Compensation Accountability and Transparency Act to impose new transparency rules on executive pay, end the accounting techniques that hide compensation, and provide shareholders a say in executive compensation packages.

* Ensure the accountability of financial institutions borrowing money from the Federal Reserve’s new lending facilities. Taxpayers deserve to know that the companies they are bailing out are on the road to recovery and aren’t throwing more good money after bad.

- Great point.

You won’t see me bashing Obama on sites that are clearly pro-Obama. It’s pointless. There are plenty of anti-Obama sites that I can do that on.

Some posters don’t like Hillary.

ok. We get it. But talking about how he dislikes her over and over and over on a PRO-HILLARY site is annoying.

I could have sworn that this was the United States of America, and people are afraid to say who they are voting for?

This type of climate in our country is simply unacceptable, and the fact that it’s being done in support of a Black candidate doesn’t make it somehow better.

My mother told me not to wear a Hillary shirt because she was scared that I was going get attacked.

And people wonder why Obama supporters are compared to Hitler youth.

I’m Thinker, and I approve this post.