This should be ALL anybody is talking about today

[randys1]

http://www.huffingtonpost.com/entry/debbie-wasserman-schultz-paylenders-cfpb_us_56d4ce38e4b03260bf77e8fc

Wasserman Schultz is co-sponsoring a new bill that would gut the CFPB's forthcoming payday loan regulations. She's also attempting to gin up Democratic support for the legislation on Capitol Hill, according to a memo obtained by The Huffington Post.

I am so close to saying fuck it all, and walking away entirely.

[KamaAina]

1. How about this instead?

http://www.timcanova.com

[randys1]

3. Sounds good. I am so pissed I cant see straight and I am not willing to

put up with much more of this.

Pretty soon I will just walk away, completely.

[WatchWhatISay]

12. That is exactly what they're hoping for

That is exactly what they're hoping for. Don't give up the fight. It's worth it!

[rhett o rick]

91. What he said above. Turn your anger into action. We may lose this battle but the war is

still on. We need to fix our party from the ground up. We need to kick the damn Blue Dogs to the curb.

[GGJohn]

97. Please don't,

you know that's what the repukes are counting on, for us to get so fed up that we sit out the election and they waltz right into the WH.

If you feel depressed, just imagine a Frump presidency, (shudder).

[Liberal Jesus Freak]

36. Just sent a small donation.

Thanks for the link.

[lastlib]

40. $$$ for her primary opponent. I'm in!

Join him in helping to throw this POS DWS out of Congress!

[Dustlawyer]

57. Yep!!! This is exactly what we can expect from Hillary too.

[Plucketeer]

99. Let's make Tim Canova

the next publicly funded fighter! I'm donating RIGHT NOW!

[debunction.junction]

106. DWS does not care. She plans on leaving Congress anyway....

to move on to bigger and better things.

[Betty Karlson]

54. Love it!

He should thank her a note of gratitude for all the funds she helps him raise.

[Vincardog]

56. Money talks and mine just said throw DWS out.

[PennyK]

64. He sounds great

Amazing C.V.
Funny that one long Islander is challenging another.

[NWProf]

67. So who is Tim Canova

Excellent suggestion from KamaAina, but what was not said was that Tim Canova is running against Debbie Wafflewoman Schultz in the Democratic primary. As someone elsewhere has said: Despair is NOT an option. You don’t see Republicans giving up. We defeat them time and again and they still come back. We are in a war for the hearts and minds. Wafflewoman-Schultz is just one skirmish.

So if you are ticked off, do something! Send Tim $3, $5, $10 or more to help him fight the good fight! ActBlue is the Democratic Fund Raising organization to help Democrats. So if you have some mad money burning a hole in your pocket, turn it loose helping a fellow Democratic Progressive.

You’ll find a bunch of Democratic Progressives at Blue America/ActBlue:
https://secure.actblue.com/contribute/page/couregeousendorsers?refcode=gaius&recurring=8&tandembox=show

They say that Revenge is a Dish best served Cold. Then let’s hand Lil Debbie a heaping platter and remove her from office. Give what you can to Tim Canova.

[H2O Man]

87. Solid points.

[lostnfound]

93. Donated. Thank you.

[JudyM]

96. It'd be great to pin this on DU somewhere. Itd be great if we could get her fighting for her life.

That'd send a clear message about effing with our democracy.

[NBachers]

103. Donated- Thanks for the link

[Lorien]

111. Yes! A REAL Democrat!

Let's drop kick these greedy Right Wing DLC hijackers once and for all!

[stopwastingmymoney]

112. Kick for this, thank you, nt

[pintobean]

2. Walking away from what?

[randys1]

7. ...

[greiner3]

43. Uhhhhh

"I hate your moustache".

[Aerows]

77. Severe and egregious incompetence as Democratic Party Chair. n/t

[tularetom]

4. Seems like both parties are in a race toward self destruction

[randys1]

6. These payday loan companies go out of their way to target the poor and military families

They are the lowest form of life.

Which means to support them, which of course GOP does entirely, but to do so as a Dem means you are no Dem, and if you are, if that is what the Dems are now, then fuck it.

[awoke_in_2003]

8. And they charge rates that would make

Last edited Thu Mar 3, 2016, 02:09 PM - Edit history (1)

the Mafia blush. I had to get one once, luckily for only $200. The rate was $28 for every hundred borrowed every two weeks. Usury used to be illegal.

[WatchWhatISay]

16. Yes I remember those days

and also gerrymandering used to be illegal.

[Wounded Bear]

47. I don't think gerrymandering was ever illegal...

but it was a lot harder to do before computers.

[Bubzer]

11. My best friend had to use a payday loan once. She got trapped into their clutches for quite a while.

She finally told me the predicament she was in, and I paid it off for her immediately. Payday loan companies are the epitome of vulture capitalism. They should be outlawed.

[KentuckyWoman]

42. vulture capitalism

The perfect phrase. Can I steal it?

[mikeysnot]

61. Greg Palast!

He is the man when it comes to this info

http://www.truthdig.com/tag/vulture_capitalism

[KentuckyWoman]

94. Oh wow.

See - this is exactly why I love DU. Shared education....

Thank you thank you thank you.

[Stuart G]

18. I agree with you..How can a Democrat support anything that helps these vultures.

As pointed out, they are awful. I cannot imagine how one of our leaders could in any way help these companies.

Says a whole lot about this person, Wasserman/Shultz.

[DhhD]

81. DWS and other D-Legislators may have a payday loan store.

[Spitfire of ATJ]

19. The payday advance loans shouldn't exist....

They know people are going to find themselves trapped. People tend to borrow the limit of $500 and have to re-borrow every month because they cant afford a $500 hit on their salary.

Here's how I tell people to get out of the $500 a month borrowing cycle. Ask yourself what you CAN afford (I'll use $100 less a month as an example). The next time you go in only borrow $400 instead of $500. The time after that borrow $300, then $200 and then $100. Then don't go back. You are free and clear.

[JDPriestly]

39. You should post that as an OP. It might help someone.

If they could only just borrow $50 per month, they would make some progress toward avoiding permanent debt and desperation.

We have a lot of those payday lending places in our area. Lots of them. They need to be closed, period.

[Spitfire of ATJ]

48. I guess I could put it in the "Personal Financing and Investing" forum.

[JDPriestly]

55. Why not general discussion and personal financing, etc.?

I think that it would help a lot of people, and that means it needs to go where lots of people will read it.

[Spitfire of ATJ]

59. The Lounge would be okay too.

[abelenkpe]

20. Exactly

Gotta admit I'm close to quitting too. Seriously, why bother?

[HassleCat]

5. "Ah feel yer pain!"

To quote a well-known politician. When the head of our party co-sponsors the big sell-out, it's discouraging.

[GoneOffShore]

80. He never felt anyone's pain but his own after he became governor of Arkansas.

And that was only when he got something caught in a zipper.

[HassleCat]

98. Oh! Ouch!

You just made me cross my legs.

[B Calm]

9. She needs to change political parties.

[Sunlei]

10. I think adding amendment to regulate interest rate & require a grace period is a good addition.

states that already have such consumer protections are exempt from the amendment.


here I edit to give you a link to the proposed amendment.





"To amend the Truth in Lending Act to establish deferred presentment transaction requirements"


https://www.congress.gov/114/bills/hr4018/BILLS-114hr4018ih.pdf

[jalan48]

13. Unfortunately, the public is easily duped.

It will be all Trump all day long on TV. Odd that the public hasn't figured out the strategy of distraction being practiced by the media.

[TIME TO PANIC]

14. So, the leader of the DNC is fine with usury.

Sadly, I'm not surprised.

STEP DOWN DEBBIE!

[Trust Buster]

15. Be one a Hillary or Bernie supporter, DWS has outlived her expiration date.

[Fuddnik]

17. Little known fact.

Most payday loan companies, and shyster mortgage companies are owned by the big banks.

About 15 years ago, when I lived there, the city of Cleveland tried to reign in predatory lenders. ALL of the big banks threatened, that if the legislation passed, they would not write ANY mortgages in the city of Cleveland limits.

The legislation passed anyway, and the banks followed through with their threats. You couldn't get a mortgage, 1st or 2nd, in the city.

[JimDandy]

58. The credit unions in Cleveland must have been ecstatic. Bet they got a huge jump in membership.

That kind of self-made hole in a capitalistic country becomes a window of opportunity to start a bunch of consumer friendly banks.

[Petrushka]

85. Major banks aid in payday loans banned by states.

http://www.nytimes.com/2013/02/24/business/major-banks-aid-in-payday-loans-banned-by-states.html?_r=0

[appalachiablue]

88. +1 Rec for the post

[lark]

21. Don't give up!

Get even instead, work to get her out of politics and especially removed from control of the Democratic party.

[randys1]

22. May have to donate to her opponent.

[lark]

24. Good idea

I will be doing the same. I don't live in South Fl, so she's not my representative, but I'll do everything possible to help her not be in Congress. Hope her opponent is good, but it would be difficult to be a worse Dem than DWS.

[Orange Butterfly]

23. "Despair is not an option" says Bernie

Quote of Bernie's is a good one!

[MaeScott]

25. Kicked nt

[Amimnoch]

26. infuriating and disgusting.

Wrong is wrong, no matter if the person supports a candidate you support or not.. and this is wrong.

I ALMOST got to a point of arguing with you. I looked up the bill:
https://www.congress.gov/bill/114th-congress/house-bill/4018

-to see what the actual wording was.

I was just about to type a post to argue with you and the article... the more I read down, the more I was thinking it was a good thing. It does have good requirements like:

require a provider to be licensed by the state;
establish a transaction database;
require a provider to verify through such database that a consumer entering into such a transaction does not have an outstanding transaction;
require a provider to report immediately to such database information about each transaction entered into and each transaction paid or settled;
require that a transaction agreement be in writing and allow the consumer to rescind the agreement within the first 24 hours;
require a transaction agreement to limit the interest and fees to no more that 10% of the transaction amount, the processing fee to $5, the transaction amount to $500, and the duration of the transaction to no less than seven days and no more than 31 days; and
allow a 60-day grace period after the contractual repayment date for a consumer to repay the amount due, subject to early termination if a consumer fails to complete a course with a consumer credit counseling agency.

Most of these sound fairly decent and reasonable to me. Then I got to the meat of the issue..

The bill makes this Act effective 24 months after its enactment and prohibits the CFPB from establishing or enforcing any regulation governing deferred presentment transactions or payday loans during such period.

Personally I've written the Hillary campaign asking them to denounce this bill,
DWS herself asking an explanation.
Writing my representative is useless since he's a Republican asshole whom I'm focusing my efforts to see his ass out of office this year.
and a letter to the whitehouse.gov asking the president to pledge to veto it unless either the 2 year delay part of it is removed, or the restriction on the CFPB is removed.

The only thing i can think of that "might" justify it is if the 2 year grace was added as a compromise to get the Republican votes needed to pass the bill. IF that is her reason, a 2 years of shit to have legal, and nationally legislated requirements limiting interest and providing some protections might be somewhat justifiable.

[randys1]

29. Seize all assets of all of these bastards and many others. Before it is too late and those with

less reason act out otherwise.

Capitalism doesnt work, never has.

[KentuckyWoman]

46. 10% on a 1 week loan.

someone correct me if I'm wrong but I think that comes out to about 580% APR.

[Lazy Daisy]

102. In my old neighborhood

they called that VIG.

[jtuck004]

27. "Of all the preposterous assumptions of humanity over humanity"

Of all the preposterous assumptions of humanity over humanity, nothing exceeds most of the criticisms made on the habits of the poor by the well-housed, well-warmed, and well-fed.

Herman Melville

This is how millions of low-income Americans, over-represented in black areas but across the board back have been screwed over by the very people they elected, who see them as prey, getting rid of the usury and other laws which protect them

The definition of two-faced ..

Good book , "Broke U.S.A.", by Rivlin, discusses how these traitors to the country have destroyed people's lives with what she is proposing. He outlines the "poor tax", the extra 10% of their income that people who make under $40K pay that others don't.

People who are well-off, phat and comfortable,ike the Real Estate Swindler or this purse-snatcher, bring more violence to and destroy more lives than any felon in history ever has.

I heard it said once, about a gang fight, that "public violence is a political statement". These proposals of hers on debt, or Wankpuffin's on health care, are telling you that there is a two-faced crook looking to steal from the money you work for.

[klook]

113. Thank you very much for this information, jtuck004.

That is a great Melville quote -- reminds me of the times I've read or heard people decrying homeless cell phone users, as just one example.

And thanks for the tip on Broke U.S.A, which looks to be a vitally important book.

Usury is a word we should hear a lot more often in our public discourse. I'm not sure many Americans today are familiar with the concept, but we see its tragic results everywhere.

[MariaThinks]

28. and not romney's putdown of trump?

[Thespian2]

30. WasserAsshole Schultz has proven

her Repukkkian creds once again...

[Ilsa]

31. I can think of 2 other things:

1. RMoney's speech ripping tRump;
2. A caller on Thom Hartmann's Show. Man was a self-avowed racist, likes tRump's non-Political correctness over race issues. Really scary shit because he has lots of friends that are the same way; believes there are many more closet racists. They are sociopaths.

[randys1]

34. Heard the caller. We can look forward to a person like him in the WH if the Dem loses

As much as DWS sickens me right now, I am aware of the alternative.

DWS did this NOW god dammit while tied to Hillary, etc.

amazingly stupid but money speaks

[Ilsa]

49. I felt both revulsion and

physically threatened by that idiot's opinions and desires. I can only imagine a smidgen of what minorities, especially AA, would feel hearing that evilness.

[JDPriestly]

32. Last night in a metting that was not well publicized and attended by only maybe two

of the oldtimer Democratic Club members, we had 80 Bernie volunteers.

Most were first-time volunteers in politics. Most had never worked on a campaign ever before.

Most were young.

All were extremely enthusiastic.

Don't give up just as the good fight is beginning.

Get active in your local Bernie Sanders campaign.

If your state has already voted, start making phone calls to other states, and start campaigning for November.

Bernie is going all the way to the White House.

We in California are going to do our best to make sure he does.

Life is full of surprises. Don't give up.

[randys1]

35. thanks...keep up that attitude if Bernie loses, BTW

[LuvLoogie]

33. I think DWS sees the writing on the wall

and is being defiant as she further loses favor within the party.

[djean111]

37. Debbie Dino is a Third Wayer, a corporatist, and a DINO.

No more votes from me for anyone who I consider a DINO. And - Miss Debbie publicly will support and fundraise for her GOP cronies, down here in Florida. Against Dems. SHE doesn't support the "D". Why should I, if the "D" is not really a "D"?

[randys1]

38. Exactly what Rove and the GOP want to hear if you are including the GE in that

[djean111]

41. Why doesn't Miss Debbie get any blow-back for doing that?

She is already in the bag for Rove and the GOP?
I am supposed to just ignore what the party has become? Nope. And increasing the number of DINOs is not going to magically turn the Democratic Party into what used to be the Democratic Party before the DLC/Third Way sunk its fangs into it.

[Divernan]

65. If you're so willing to vote for HRC in the Gen. election,

why don't you post this thread in the Clinton group and ask its members to contact Hillary and tell her to tell her BFF Debbie to drop this legislation in the crapper where it belongs?

I double dog dare you!

[randys1]

75. Cant, banned from that group and Bernie's

One of a handful of people here who openly advocates for both and I am banned from both

[LiberalArkie]

44. You and me both. This will probably be the last time I even vote. I know that is what

THEY want but it comes to a point when realization sets in that maybe, just maybe it just isn't worth even thinking about.

[MisterP]

45. "but they just GIVE poor people money! why, the government should take after them!"

[Raster]

50. And there you have it: the Chair of the Democratic Party - and Chief Clinton Bootlicker......

...I might add, is doing her part to allow the most predatory of "financial institutions" another crack at the most vulnerable. In fact, she is actively working to reverse regulation to limit their reach and is even laying out the welcome mat.

And let me add my own personal speculation: Wasserman-Schultz is certainly NOT the Democratic Chair for her effectiveness...
"...huge losses Democrats have seen since Obama's election in 2008: The party has shed 69 House seats, 13 Senate seats, 12 governor's offices and more than 900 state legislative seats -- as well as 30 state legislative chambers.

Many of those losses were solidified after Democrats were drubbed in the 2010 midterms -- giving Republicans more power as states redrew their legislative district lines after the once-a-decade census.

Democrats now hold 3,172 of the nation's 7,383 state legislative seats, and 30 of the country's 99 state legislative chambers."

NO, Wasserman-Schultz is Chair of the DNC for one reason: her loyalty to all things Clinton. Further, Wasserman-Schultz has demonstrated several times in her own home state of Florida that she is more than willing to shunt the Democratic candidate aside and cooperate with Republican challengers IF IT SUITS HER OWN VESTED INTERESTS.

[lsewpershad]

51. This is exactly

what Bernie correctly calls the establishment
The establishment does not like having people who fight for main street, around. Debbie is pure establishment.
She has to go.

[Enthusiast]

66. She's not on our side. After the past several decades we could use someone on our side for once.

[onecaliberal]

52. She's a republican what do you expect. She's not even trying to pretend any longer.

[Bluenorthwest]

53. But DWS and her end of the Party are currently claiming to be THE voice of the poor, and DU has many

who strongly agree. How the fuck does that work? This is exactly the sort of story that makes me say Vote for Bernie or you are voting for this.

[Enthusiast]

68. How the fuck does that work?

It's all one big elaborate masquerade.

[libodem]

60. Yep

Pretty vindictive.

[merrily]

62. Support Canova, who is trying to primary that supporter of Republicans from the left.

DWS has never had to face a primary challenge and is using Canova's challenge to ramp up her fundraising.

Minimum donation is $1. I'm sure he'd appreciate any amount.

https://secure.actblue.com/contribute/page/jpr4timcanova

[Iwillnevergiveup]

69. Just sent Tim a donation

and will undoubtedly send him more because it's fun!!
A vote for Tim is a vote for democracy. Actually.

Wonder if he's on the teevee in Florida.

K&R

[merrily]

70. Thanks! I don't know if there is a DU link for him or I would have posted that

too.

[DinahMoeHum]

78. Tim Canova's direct links. . .

https://timcanova.com/

https://www.facebook.com/TimCanovaForCongress/

[merrily]

79. I just sent him one, too.

[Enthusiast]

63. Instead of saying fuck it all consider supporting the other presidential candidate.

You know, the one Debbie clearly doesn't support. That would send a message.

[ReallyIAmAnOptimist]

71. That's Hillary's girl!

Just a preview of more to come!

Hope the folks who confuse calling yourself a DEMOCRAT,

and actually governing like one (FDR, LBJ, JFK)

begin to SEE the BIG DIFFERENCE!

[PatrynXX]

72. eh prefer fuck it all and fucking no regrets!! (don't know what band I took that from)

although I knew what Don't Tread on Me was as a Snake long before it went from a Black Snack to a Yellow Chickenshit snake

[jhart3333]

73. This shit's got to stop. Kick

[NorthCarolina]

74. The media isn't talking about it, must not be important.

Just kidding, not about the media not covering it though.

[kenfrequed]

76. Hmm...

If the republicans were where they were twenty years ago she would have switched parties and jumped ship.

[The Wizard]

82. Doing as much damage as possible

before being voted out in the primary. Like Ted Cruz in a skirt.

[Duval]

83. We're giving more to Tim Canova this week.

DWS needs to GO. She is wrecking the party. Thank you randys1.

[Petrushka]

86. --->

[Ivan Kaputski]

89. DWS ...loan shark queen.

[Warren DeMontague]

90. She already voted repeatedly to send sick people to prison for using medical marijuana

And yet some people still defend her, here.

[rhett o rick]

92. While one might argue that both parties aren't the same and be correct, the fucking Party Elite

of both Parties are the same. They work for the Big Money that Democrats reject. I say Democrats to exclude those DINO's that support Clinton (DU excluded of course). They support Big Money. They turn their backs on the 16,000,000 children living in poverty. They worship the money of Goldman-Sachs.

[spanone]

95. K&R....

[840high]

100. Thanks Willy. After the

elections I will go to Independent.

[Snarkoleptic]

101. Since DWS is a tool of the Clinton campaign, I believe it's likely that she's

running hard on the wrong side of this so that Hillary can manufacture contrast and run to the left on this (no brainer) issue, in order to appeal to the Democratic base.
"See, the Democratic middle wants predatory lending, but I'm against it..." could be the talking point. Only problem is Hillary is not running against her sycophants, she's running against Bernie, who is a true populist, so hopefully the public we recogize her corparatist tilt.

Meanwhile, in Sandersville, a resounding "F.U." is broadcast to predatory lenders and their DLC enablers.
Bernie is on the right side of issues like this, while Hillary and Debbie play footsie with their dark masters on Wall Street.

Wachoo think?

[PATRICK]

104. All of a piece

Does anyone wonder why my union(American Postal Workers Union) supports Sanders and not the Third Way triumphalists?

Obama tries to appoint a payday loan shark to the Postal Board of Governors(among other blatantly objectionable candidates) and no this was not a bluff or chess move. Payday loan sharks I believe are donors to the Hillary campaign and now this hit from the Obama appointed, Hillary anointing DNC Chair.

The Union among others with the public interest(the banking disenfranchised) and especially the interest of the health of the USPS wanted to RETURN to the service of postal banking services- which the big private banks hate and wouldn't do anymore if they had a choice.

Crickets from the DINO's who presume to run the party. Leadership from Sanders, on this as on so many issues.

Furthermore how much has the establishment fought to remove the Congressional theft of funds from the postal budget that make it look so bad and destroy the stamp buyers power to finance- solely- the widest, best and cheapest hand delivery service on the globe?

This is not just to please payday loan sharks. It is another transparent attack on the Postal Service's growth so that this traditional sacrificial lamb for the corrupt can be carved up in pieces- destroying the network, degrading service, raising prices and stockmarketing an unbroken infrastructure to death at the hands of the usual suspects, people divorced from their own humanity by filthy greed.

When the union complained that 1(union busting lawyer) plus 1(Postal management hiring him)= collusion to privatize the service and destroy good paying union jobs, they said there was not any real "evidence". So I suppose you can argue there is not enough proof of a grand conspiracy among corporate Dems, corporate Republicans, think tanks, lobbyists and donors to wound then slaughter your postal service.

Does it matter? Behold how these sweethearts work together, the silence between the crocodile tears and solemn concern for a service failing only because of their malicious appointees and illegal plundering and crummy business philosophies. It is all of the same cloth- the shroud over a healthy public commons to be buried alive and mourned with a secret smile as unnecessary, crippling misery spreads over the land. As fake money numbers grow in dark places.

Incrementalism in its best sense was the grudging, tepid giving of something to the public in bits and pieces to keep up the Great infrastructure, to win votes. Not anymore. Incrementalism now is in full reverse to enrich the most undeserving few with a greater enthusiasm inspired by the money gods from Hell. Screw the voters. Screw the world. Fantasy wealth rules!

And since I have been ahead of union leadership on stating suspicions(and the obvious) keeping the egregious over funding of the health benefits(money likely missing in Iraq) and forestalling restoration of full services means they have intended to cripple our union bargaining power in the binding arbitration phase in the national contract now underway. Likewise the lowering of stamp prices in a timely fashion to make the balance sheets look bad for union proposals. Oh yes and the lawsuit by the bulk mailers some of whom are very in bed with these strangely interwoven coincidences that pushed for this rate decrease. Thank you Congress, maybe you have the stomach of brass this time to interfere in our final contract anyway, just as you have in the postal budget against your own legislative rules?

And the perps can still get free mailings at the expense of the average John Q. Public stamp buyer- the sole funder of a once and future Wall Street target. Suckers.

Boycott Staples. Vote for Sanders.

[Snarkoleptic]

105. Bravo, well said!

[raouldukelives]

107. Great post. It is a travesty.

And it isn't just payday loan sharks, it is also health care debt collectors using every dirty shakedown trick in the book.

There are many reasons why they fear the Bernie revolution. And with good reason. Praying on our least and hollowing out our cherished institutions for an extra buck will be frowned upon.

For every individual who is well represented by money in Wall St, money which speaks far louder than their actual voice, that is a nonstarter.

[bonniebgood]

108. Im busy as a bee this morning but I took the time to donate to Tim. thanks for

posting this link to DWS challenger. I do believe the President appointed DWS as part of the agreement between he and HC in 2008 for her to step down/give up before democratic convention. I cant conceive of any other reason.

[yardwork]

109. Stay and fight.

[Lorien]

110. DWS is deeply corrupt and downright evil

just like the monsters that she serves. The DLC needs to be done away with completely!

[salib]

114. What is everyone so series about?

Do we really think Obama would sign such a thing?

Do we?