The Booty Report

News and Updates for Swashbucklers Everywhere

"Arrr! Sens. Bernie and Hawley be sayin', cap them credit card scallywag rates at a jolly 10%! Avast!"

2025-02-13

Arrr! Sens. Bernie and Hawley be settin' sail on a joint quest, me hearties! They be fixin' to hoist the anchor on credit card rates, helpin’ poor souls buried under a treasure chest o' $1.17 trillion in debt! Aye, even pirates know when t’ lend a hand!

Ahoy mateys! In the grand tale of yore, ol' Dante Alighieri spun a yarn 'bout the scallywags who dared to charge usurious interest, a fate fit for a pit in the Seventh Circle of Hell! Yet, centuries later, these knaves be still plundering our hard-earned doubloons, especially with credit card rates higher than a crow’s nest! Last year, both landlubber Republicans and Democrats hollered for a lifeline for the struggling folk, but alas, those big banks be makin’ a fortune, pillagin’ $130 billion in a single year!

With the sea of credit card debt swelling to a monstrous $1.17 trillion, families be forced to swipe their cards just to eat, gas up, or keep a roof 'bove their heads! And what do these dastardly banks charge the average sailor? A whopping 28.6%, while they be borrowing from the Federal Reserve at a mere 4.5%! That ain’t lending, that be piracy!

But fear not! This fine crew has a plan! We be introducin’ a bill to cap those treacherous interest rates at a maximum of 10%! Let’s give the good folk of this fair land a shot at catchin’ their breath, instead of drownin’ in fees! Aye, it be time to hoist the sails for real relief and put an end to this financial mutiny!

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