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For Immediate Release
February, 12 2009, 03:00pm EDT
Contact:
Sam Husseini, (202) 347-0020; or David Zupan, (541) 484-9167
Getting the Credit Card Industry Under Control
WASHINGTON
The Senate Banking Committee is holding hearings today on the credit card industry.
Available for a limited number of interviews, Manning is author of Credit Card Nation. He said today: "The credit card industry is the most unregulated sector of retail banking with an economic impact that could play an even greater role during this recession. With soaring interest rates driving tens of thousands of people into bankruptcy, the current credit card industry policies enable the affluent to, in effect, get free credit because they can pay off their balance each month. This means that poorer people end up footing most of the bill. And, with usury laws basically gone since 1978, many people are stuck paying exorbitant rates for things they bought years ago. Without limits on fees and interest rates, credit cards have been the cash cow for the consumer banking industry.
"Even worse right now is that credit card companies are restricting credit. This could turn a bad recession into a wide depression. Parts of the country already are in a depression. I was just in Michigan where some counties have unemployment rates of over 25 percent. People need to be able to rely on credit during a recession to take care of their basic needs.
"Further, you have credit card companies restricting credit on totally outrageous criteria. American Express has been basing credit limits in part on what stores you go to and the people that you shop with. Congress urgently needs to get this industry under control. The public is demanding accountability, but it's still an old-boy's club with lobbyists and Congress.
"If not addressed seriously, credit card debt could be the next bubble, after the internet and housing bubbles."
More Information
A nationwide consortium, the Institute for Public Accuracy (IPA) represents an unprecedented effort to bring other voices to the mass-media table often dominated by a few major think tanks. IPA works to broaden public discourse in mainstream media, while building communication with alternative media outlets and grassroots activists.
LATEST NEWS
Trump White House Pushes Satellite Firm to Withhold All Images of Iran War
The decision "will make it much more difficult to monitor US-Israeli bombing there, which seems to be the point," said one human rights campaigner.
Apr 05, 2026
The satellite firm Planet Labs told customers, including major news outlets, that it was acting on the Trump administration's request as it announced it was implementing "an indefinite withhold of imagery" in Iran and across the Middle Eastern countries where the widening conflict started by the US and Israel is unfolding.
The Saturday announcement, said UK rights campaigner Sarah Wilkinson, was a sign that images of the war will be censored "to hide the truth."
Planet Labs sent an email to journalists who have regularly used the company's satellite images to report on the US-Israeli bombing of Iran and Iran's retaliatory actions on Saturday, saying that after receiving a request from the US government, it was "moving to a managed access model... and releasing imagery on a case-by-case basis and for urgent, mission-critical requirements or in the public interest."
Washington Post reporter Evan Hill suggested the announcement would limit reporters' access to information from "one of the most important US-based commercial satellite imagery providers on whom most media outlets rely."
The announcement comes as Iran's military capabilities have reportedly exceeded US expectations, with US intelligence reporting Iran has retained many of its missile and mobile launchers and casting doubt on the Pentagon's claims that the US is severely diminishing Iran's missile stockpile.
The White House's request for a suspension of satellite imagery was the latest sign that "Trump’s war is going swimmingly," said podcast host Mark Ames sardonically.
It also coincided with multiple threats over the weekend from President Donald Trump, who said this coming Tuesday would be "Power Plant Day, and Bridge Day, all wrapped up in one"—with increased attacks on Iran's civilian infrastructure unless Iran agrees to a deal on Monday.
A major bridge was destroyed by the US on Saturday, while Israeli forces bombed a significant petrochemical complex, reportedly sending pollution into the surrounding city. At least 13 people were killed in the two attacks combined. A projectile that struck the vicinity of the Bushehr Nuclear Power Plant also killed at least one person and raised concerns about a larger attack, which "could trigger a nuclear accident, with health impacts that would devastate generations," as World Health Organization Director-General Tedros Adhanom Ghebreyesus said.
Kenneth Roth, former executive director of Human Rights Watch, said the Trump administration's demand for satellite images to be withheld "will make it much more difficult to monitor US-Israeli bombing there, which seems to be the point."
Data and imagery collected starting on March 9 will be withheld by Planet Labs. The company previously instituted a 14-day delay on the release of satellite images to ensure they would not be "leveraged" by "adversarial actors."
Also on Saturday, Al Jazeera reported that Israeli soldiers had "destroyed all of the CCTV cameras" around the United Nations Interim Force in Lebanon, a mission in the southern part of the country where three peacekeepers were wounded in a blast on Friday and several others have been killed since early March, including some by Israeli fire.
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'Stop This Lawless War,' Advocates Say as Trump Warns of Coming Power Plant, Bridge Attacks in Iran
"Trump is being driven insane by his inability to defeat Iran," said a UK journalist. "This is a threat to commit unspeakable war crimes."
Apr 05, 2026
Following President Donald Trump's Sunday morning Truth Social post detailing his intent to further break international law by bombing Iran's power plants and civilian infrastructure, the message sent by numerous critics to White House officials, the US Congress, and US allies was the same: "Act now to stop this lawless war."
That demand was made by Just Security editor and Rutgers University law professor Adil Haque of the international community after Trump announced on social media that this coming Tuesday "will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran."
"There will be nothing like it!!!" the missive continued. "Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell - JUST WATCH! Praise be to Allah. President DONALD J. TRUMP."
The threat was one of Trump's most blatant yet regarding his plans to bomb Iran's power plants and other civilian infrastructure in retaliation for Iran's de facto blockade on the Strait of Hormuz, a key shipping route for global oil and other imports. Iran announced a deal with Iraq on Saturday to allow its shipments through the waterway and was in talks with Oman on Sunday, but about 3,000 vessels carrying shipments have been stranded in the strait since the Islamic Revolutionary Guard Corps (IRGC) in Iran began imposing heavy restrictions in retaliation for the US-Israeli invasion of the country.
Attacking power plants "could amount to a war crime," Amnesty International said late last month as Trump ramped up threats against the critical facilities, because they are "essential for meeting the basic needs and livelihoods of tens of millions of civilians."
“When power plants collapse, horrific consequences cascade instantly," said Erika Guevara-Rosas, Amnesty International’s senior director of research, advocacy, policy, and campaigns last month. "Water pumping stations would stop functioning, clean water would become scarce, and preventable diseases would spread. Hospitals would lose electricity and fuel, forcing surgeries to be canceled and life-support machines to shut down. Food production and distribution networks would collapse, deepening hunger and causing widespread food scarcity. Many businesses would also shut down with devastating economic consequences including mass unemployment."
On Sunday, Amnesty Secretary General Agnes Callamard said she was "running out of language to denounce and condemn" Trump's escalating threats and called the Truth Social post a "revolting statement."
"Iranian civilians will be the first to suffer from the destruction of power plants and bridges," she said. "No heat, no electricity, no water, no capacity to move or to flee, and all that it means for their right to life."
Trump has also threatened Iran's water desalination plants, which could lead the country to retaliate with similar attacks across the region, impacting the water supply of millions of people across Gulf Arab states. On Saturday, Kuwait blamed Iran for an airstrike that hit a power and desalination plant, while Iranian officials blamed Israel for the attack.
Political analyst Omar Baddar warned that "Iranian civilians will pay the biggest and most immediate price of his madness, but the ripple effect will not spare much of the world." He was among those who commented that Trump's latest remarks on the war sounded "exceedingly desperate" as news reports pointed to mounting evidence that the US is not succeeding at Trump's goal of defeating Iran's military—despite the president and Defense Secretary Pete Hegseth's persistent claims that "we are punching them while they're down."
As The New York Times reported Friday, US intelligence has found that Iran is swiftly returning its missile bunkers to operation following US and Israeli bombings. The country's exact capability is unclear because the IRGC "is deploying significant numbers of decoys, and the United States is not sure how many of the apparent launchers it has destroyed were real," the Times reported. Iran is also reportedly using a new air defense system.
"Trump is being driven insane by his inability to defeat Iran," said UK journalist Owen Jones of Trump's Sunday post. "This is a threat to commit unspeakable war crimes."
On Saturday, The Wall Street Journal reported that top White House aides and officials, including Hegseth, have been advising Trump that "Iran’s power-generating facilities and bridges are legitimate military targets because destroying them could cripple the country’s missile and nuclear program."
"There are no 'legitimate military targets,'" said Charles Idelson, former communications director of National Nurses United. "Just war crimes, in an illegitimate war started without justification, following deliberate lies about the state of negotiations, and [that] has featured multiple attacks on civilians beginning with blowing up a girls' elementary school."
Trump threatened to escalate attacks against power plants a day after Israel attacked Iran's largest petrochemical hub in Mahshahr—an assault that had previously been reported to have injured five people. Late on Saturday, The New York Times reported that five people had been killed and 170 had been injured in the attack on the sprawling complex, which helps provide electricity to 500,000 people and produces materials including chemicals and polymers.
Reports have pointed to people in the Mahshahr area suffering from the impact of the strike as "chemical pollution from the petrochemical explosions has spread through the city in such a way that breathing is impossible," as one person with family in the city said.
The US also struck the B1 bridge, a major bridge in the city of Karaj, on Saturday, killing eight people and injuring nearly 100.
As Trump warned of further assaults on critical infrastructure, the Council on American-Islamic Relations (CAIR) called on the US Congress to end its spring recess in order "to reconvene and to reassert their authority over matters of war and peace and to ensure that no president can unilaterally drag our nation into war."
"Congress must not remain on vacation while the president openly promises to commit war crimes that could trigger even more regional and global conflict," said the group, which also condemned Trump's "deranged mocking of Islam."
In his latest conflicting statement on the state of the war, Trump told Fox News Sunday that a deal could be reached with Iran on Monday but warned that he was “considering blowing everything up” if an agreement was not reached.
US Sen. Chris Murphy (D-Conn.) urged top White House officials to take action by spending Easter Sunday "calling constitutional lawyers about the 25th Amendment," which empowers a presidential Cabinet to declare that a president is unable to perform their duties.
"This is completely, utterly unhinged," said Murphy. "He's already killed thousands. He's going to kill thousands more."
Sen. Bernie Sanders (I-Vt.) repeated CAIR's demand, saying Trump's remarks were "the ravings of a dangerous and mentally unbalanced individual."
"Congress has got to act NOW," said Sanders. "End this war."
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On Conspiracy Theorist Laura Loomer's Orders, Rubio Announces Arrest of 2 Women for Supporting Iran
The State Department said the women were related to the assassinated Iranian military commander Qasem Soleimani, but Iranian media said they had no connection to him.
Apr 04, 2026
With a majority of Americans including President Donald Trump's own base demanding a swift end to the war in Iran—and Iran's military capabilities proving difficult to overpower—observers suggested on Saturday that the White House was looking elsewhere to score "victories," as Secretary of State Marco Rubio announced that federal agents had arrested relatives of the late Major General Qasem Soleimani, the Iranian military commander who the US assassinated in 2020 during President Donald Trump's first term.
Rubio accused Soleimani's niece, Hamideh Soleimani Afshar, of promoting "regime propaganda" and voicing support for the Iranian Revolutionary Guard Corps (IRGC), and said she had been living a "lavish lifestyle" in the US. Afshar's husband has been barred from entering the US and the lawful permanent resident status she and her daughter had has been terminated, said the State Department.
"Are we losing so badly we need to arrest the distant relatives of long-since-dead Iranian commanders?" asked Ryan Grim of Drop Site News.
Aaron Reichlin-Melnick of the American Immigration Council noted that the administration had used the same legal authority to arrest Soleimani's reported family members as it did to detain former Columbia University student organizer Mahmoud Khalil and Tufts University scholar Rümeysa Öztürk for speaking out against US support for Israel—a tactic which is being challenged in court as unconstitutional.
Far-right conspiracy theorist Laura Loomer, who has wielded influence in the White House during the second Trump administration, claimed credit for the arrest of the two women, saying that in communications with the State Department, she had "exposed the fact that Qasem Soleimani’s Niece Hamideh Soleimani Afshar has been living in the United States (Los Angeles, California) where she posts pro-Iranian regime and pro-IRGC content on her social media while she lives a life of luxury."
"She has been arrested and will be deported back to Iran!" she added. "Over the last few months, I have quietly been documenting all of Hamideh Soleimani Afshar’s social media activity. I uploaded it all to a secure file and shared it with [the Department of Homeland Security] and Department of State, and now she has been arrested and she will be deported from our country."
In Iran on Saturday, media outlets were reporting that the two women arrested by US Immigration and Customs Enforcement were not related to Soleimani—who had no nieces, according to journalist Kourosh Ziabari.
Soleimani's daughter told the news outlet Jamaran that "none" of her extended family has ever lived in the US.
Regardless of the women's relation to Soleimani or lack thereof, journalist Ryan Grim said the arbitrary arrest "actively puts innocent Americans around the world at risk."
Rubio's explanation for the detention and his move to revoke the women's green cards is the latest evidence that "the US is now deporting people for thought crimes," said historian Zachary Foster.
Journalist Sana Saeed said the case shows that constitutional protections for due process and free speech, which are supposed to apply to green card holders, "no longer mean anything."
"People cannot lose their green card status simply because of familial relationships, so the justification shifts here to their alleged support for the Iranian government," said Saeed. "But supporting a foreign government is not a criminal offense. And if you begin to treat it as one—as the US government effectively is in this case—then expect a lot more of this."
"It will not stop here, and it will not remain limited to Iranians," she said. "The logic does not contain itself, it expands."
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