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Tag Archives: cut

On House floor, congressman goes all Edward Scissorhands on credit cards

Daniel Ray

Gesturing forcefully, and almost Howard Beale-like in his zeal, Rep. Hansen Clarke used his five-minute speech to call on all Americans to cut up their credit cards — and then whipped out a pair of blue-handled scissors to demonstrate. Roll the tape, C-SPAN!

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Sorry, cardholders, your interest rate cut comes tomorrow

Daniel Ray

Sorry, credit cardholders, last night’s rate cut was a bailout for investment bankers. Your cut comes tomorrow.
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Fed cuts interest rates 3/4 of a point

Daniel Ray

In a surprise move that underscores the depth of recession fears, American central bankers cut a key interest rate by 3/4 of 1 percent.
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