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House Bill Would Cap Credit Card Rates at 16 Percent

Equating today’s rising credit card rates to usury, several House Democrats today announced plans to introduce legislation capping credit card rates at 16 percent.
“Things were a lot better for the average person in this country when we had usury caps,” Rep. Louise Slaughter (D-N.Y.), head of the House Rules Committee, said in a statement announcing her bill. [...]


House Passes FOIA Amendment to Hide Abuse Photos

Notwithstanding Rep. Louise Slaughter’s (D-N.Y.) impassioned plea, the House this afternoon passed that amendment to alter the Freedom of Information Act and hide detainee abuse photos — and to keep the question of what’s secret and what’s not away from the courts.


More on the Congressional Move to Amend FOIA, Hide Torture Photos

To follow up on my earlier post about Rep. Louis Slaughter (D-N.Y.) and her speech on her colleagues’ move to amend the Freedom of Information Act to prevent the release of photographs depicting abuse of detainees in U.S. custody, it’s worth looking at the conference report on the bill. The bill is called the “Protected [...]


Louise Slaughter Slams Effort to Amend FOIA to Shield Abuse Photos

Rep. Louise Slaughter (D-N.Y.) today blasted the Obama administration, as well as some of her colleagues in the House and Senate, for including a provision in the Homeland Security Appropriations Bill that would amend the Freedom of Information Act to exempt from disclosure photos depicting the abuse of detainees in U.S. custody.
After the jump, Slaughter’s [...]


A Congress of Inside Traders?

You might think that members of Congress and their staffs would be prohibited from using their privileged access to nonpublic information to cash in on Wall Street. But you’d be wrong.
Congressional insider trading is not, in fact, illegal. In a letter to lawmakers today, several watchdogs groups offer explanation: