Mr. Rosenfield goes to Washington

Published on

You have to love Harvey Rosenfield. When he sees a just fight, he rushes headlong into it. That’s why Harvey took a plane to Washington DC today to try to stop the $700 billion bank bailout, or at least get something for consumers in the process.

The Rosenfield alternative would include a national cap on interest rates for credit card, consumer and home loans for banks that dip into the the government bailout fund. It’s a plan Capitol Hill and presidential candidates would be wise to accept as their own. As Harvey says, Why should a bailed-out bank that receives a 2% percent loan from the Fed be able to charge consumers 7% to 25%. Makes common sense, but let’s see how official Washington receives the plan.

Tomorrow Harvey and longtime consumer champion Joan Claybrook will hold a press conference about the consumer’s needs in the bailout dialogue, then take their message to hearings on the hill. The press conference is at 11:30 am EDT, E-Mail [email protected] for call in # and passcode WHERE:  2128 Rayburn House Office Building, Washington, D.C.

Consumer Watchdog
Consumer Watchdog
Providing an effective voice for American consumers in an era when special interests dominate public discourse, government and politics. Non-partisan.

Latest Videos

Latest Releases

In The News

Latest Report

Support Consumer Watchdog

Subscribe to our newsletter

To be updated with all the latest news, press releases and special reports.

More Releases