Usury is good, actually.

Liberty Lockdown

Clint Liberty Lockdown Podcast

News

4.6 • 965 Ratings

🗓️ 9 March 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

AOC and Anna Paulina Luna just proposed a 10% cap on credit card interest rates. Today, I do the unthinkable: Defend the Banks!
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Transcript

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0:00.0	This will likely be one of the least popular episodes I've ever done, but doesn't matter.
0:05.4	When people are lying, someone's got to tell the truth, unpopular or not.
0:10.1	So recently, in fact, over the past 48 hours, AOC, Alexandria Ocasio-C Cortez, and Anna Paulina Luna
0:19.9	have decided to tag team the credit card industry.
0:24.5	Their proposal is to cap interest rates at 10% annually.
0:29.6	Now, many of you already know, but I used to be a private mortgage lender.
0:33.8	So this is right up my alley.
0:36.0	And I figured, hey, no one's going to defend the banks.
0:40.1	How about I do it? How about I piss off everybody and explain to you why you're wrong?
0:47.4	Well, where do I begin? First off, AOC and Annapolian and Luna are probably the two most
0:53.0	attractive congressional members, despite the fact that AOC appears to be hitting the wall, if you will.
1:00.6	But the fact that it's them tag teaming and it's from its bipartisan should give you real cause for concern.
1:07.0	Very attractive ladies are pushing this, especially when it's already something that's very palatable to people.
1:12.7	It's actually palatable on both sides, which is even more concerning because economic understanding is becoming more and more rare.
1:19.1	But they are trying to pitch this concept.
1:21.7	And the reason it's palatable is that on the left, they hate the banks.
1:26.4	They hate capitalism.
1:28.4	They love the government.
1:29.6	Why would they not want price controls?
1:31.2	They want price controls on rent and food and housing and everything else.
1:34.6	Why would they not want price controls on credit cards?
1:36.7	Of course they would.
	...

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