Fox News’ Tucker Carlson found some common ground on Friday evening with 2020 presidential candidate Bernie Sanders and Fox News’ arch-enemy - Democratic Congresswoman Alexandria Ocasio-Cortez.
Carlson argued that the duo are "absolutely, indisputably right" to propose the Loan Shark Prevention Act. The legislation the two lawmakers unveiled on Thursday would cap credit card interest rates at 15 percent in order to protect “working people” from a predatory banking system.
“Today’s loan sharks wear expensive suits and work on Wall Street, where they make hundreds of millions of dollars in total compensation by charging sky-high fees and usurious interest rates,” the statement announcing the legislation said..
Sanders and Ocasio-Cortez added that the current median interest rate on credit cards is 21.36 percent, while banks are able to borrow money from the federal government with only 2 to 3 percent interest rate.
"Credit card debt destroys people," Carlson argued. "High interest rates exploit the weak. Banks, meanwhile, can borrow money from the Federal Reserve at 3 percent interest,” Carlson said. “Do the math. It’s a very good business.”
Carlson did not only have kind words however, he added, “They don’t mean half of what they say. The other half they don’t really understand. They’re not impressive. But on this one issue, they are absolutely, indisputably right.”
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