RE: Usury laws and lending practices

Dear Senators and Representative:

I believe you are out of touch with what is really going on in the financial markets and are out of touch with how upset Main Street America is about the inability to get business and real estate loans.

I do not remember in my life-time when such excessive lending rules and restrictions existed.  All of the bailing out of the banks and the emphasis on lending has failed to result in banks lending once again.   Wall Street may be giving you a sob story but Main Street is suffering in isolation with no lobbyists to buy policy changes like the banks do.  On the July 20^th of this year, I wrote a letter about the restrictive lending policies existing at the banks but never got a response from any of you.   Since then many of us have had to put real estate investments on the market, adding to the current glut, just to raise the cash needed to conduct business.  

On top of that, Congress’s failure to pass usury laws and quick credit card controls has resulted in people getting their credit card limits slashed for no reason which automatically decreases their FICO scores and increases their credit rates.  With no change on their part, people are getting hit with 22.99% and 29.99% interest rates.   The Fed policies, lack of control over the financial system and your unwillingness to protect the public from predatory practices and usury is having a snowball effect.  Did I say that people are very angry?  Did I say that I am seriously considering voting anti-incumbent for the first time in my life?   I would hate to see that happen in Oregon but that will happen across the nation if Main St. does not start seeing actions to stop the greedy Wall Street pigs.