@@soupernutt9508 $20 origination fee + 2*$10 interest on a $200 loan = $40 in fees. 40/(365/14) = 1042.9 fees in a year ( fees / (days in a year) / (days in a fortnight)) 1042.9 / 200 = 521% (annualised fees / amount borrowed)
At this point i'm convinced both parties are garbage, and the party system belongs in the trash. We should be electing people for what they stand for and do, not what party they belong to
I've been under a rock for a long time.. I've never heard of this congresswoman before today, and I absolutely love her!! We need more people like her in government and positions of authority!!
Congratulations, you just found a small bit of hope. She also takes no Corp donations, is a single Mon, drives a mini van and does her own grocery shopping at Albertsons.
I think Porter is brilliant, and I think her and AOC are incredibly smart and talented. They give me hope that there are some genuinely caring and honest politicians in existence and I hope they stick around for a long time.
Porter is amazing indeed. She looks like a soccer mom but in reality... she's the MVP in terms of the way she questions shady people. Always respectful, not grandstanding... just quiet strength and determination.
Or, perhaps more to the point, that she doesn't understand what she's talking about. I suspect that had she explained APR clearly and accurately the first time, the math wouldn't have been called upon. The fact that she couldn't explain it and yet claimed she knew what it meant led to the "Well, then show it practically," escalation.
Lolol guys she does know that math, she doesn’t want to admit that she’s taking advantage of the misfortune of people below the poverty line and prolonging there inability to find financial freedom. All of us couldve done the math with a calculator and 1 minute... I hope...
Rep. Katie Porter does not kid around. Intelligent, takes her job seriously.. and for the people. Please consider a run for the presidency in the near future. My kind of leader!
@@fuckutube9217 Not good for corporations that are sucking the country dry? Sounds like my kinda leader if she's not afraid to challenge their bullshit and call their scams for what they are.
This Rep is phenomenal. Regardless of party, it is so rare to find this type of probing question from our polititians who are so compromised by big business.
This makes me want to move to Katie's district so I can vote for her! Thank you for doing what every member of Congress should be doing. She is always better prepared than the person she's questioning and she doesn't let anyone slip by with evasive answers.
Send a check to the Katie Porter for Congress campaign. They're always accepting money. If you don't have it, take out a loan from a payday lender. Put your money where your mouth is.
Right, and nice polite arm's lengrh placement. Director can't complain "don't shove that calculator in my face.". And: nice and big, so reads on camera. Well done.
LOL! Representative Katie Porter gives off that College Professor vibe. That staffer knows that if the CFPB Director doesn’t answer the APR question, then there is a good chance Porter is going to stop everything and make the whole room do the question.
When the director of the CFPB can not answer something you learn about in an entry level personal finance class you know we got the wrong people in charge
Landon Smith Agree. Why was she so so afraid to do a simple math calculation given that this is a subject matter she should be well versed in? It should be an automatic calculation. Why the drama? Just do it. I would imagine ‘calculate the APR’ to be an ECON101 question. Katie Porter is exposing the hypocrisy of the People in Charge, and that pisses off her detractors.
God I love this woman. She is so clear and defined with her questions and wording. If ever, a politician was this direct I would have confidence in my politicians.
Lol humility, she acts smug as hell. Look up the time she wore bright orange while reading “the subtle art of not giving a fuck” in that room. There are people who stand up for good values who don’t act like clowns
Unfortunately probably not, as most of these people a psychopaths or at the least sociopaths. They just couldn't care less. It's common knowledge that theres a disproportionate amount of people in banking and finance with antisocial personality disorder, which is shrink speak for people with psychopathic or sociopathic tendencies.
I am a Republican and even I love how simple and down to Earth she is; speaking common for/about the common people and the common problems that we face every day. This is a TRUE representative of the common man/woman in todays world.
@Rodger Hodgson no the problem is using those terms as if they identify a person into a stereotype. Which news sources on both political parties shove down your throat and you believe. That's why all people should be neutral and not claim to be part of a party, and just vote for the candidate that best represents what they want from government. The fact is neither side gives accurate non bias facts when it comes to news, if they even give the actual story. Most news programs are talk shows with actual news on a continuous line at the bottom of the screen and all you get is a headline no story no facts nothing. Because the government as a whole(not party) wants the public to be uneducated to what is actually going on or the fact that its run by the 1% for the 1%. Both sides work for the corporations on a global scale and don't care how poor or how uneducated we are, all while giving us bullshit stories to distract us.
@Jay Boh How many of those acts were criminal or even happened. It is rather hard to separate the fact from fiction when there is so much that has been proven fiction.
Who is this? Where I vote for her wherever she wants to go? This is a real politician no taking BS as an answer, looking for the people against Corp. The kind of hero that we don’t have, but kind of the hero we deserve,
Alvaro Robles Katie Porter...her main base of operations is Irvine, CA. She is kickass. Team her up with the other ladies of the Squad in the house and they are unbeatable. Do a search for where they Grilled Louis DeJoy the Postmaster General since July, oh my god it made for hilarious watching. Mainly because of his disdain of being questioned by mere Women.
The secret is that although Katie porter is in irvine and you can't vote for her, there are a bunch of katie porters all throughout who just need a push to run or some support if they run. check out Justice Democrats and Brand New Congress to find them.
Absolutely my new favorite!! KP nails it every time. She cuts through the bs and gets to the essence of the horrible tricks big companies and overpaid corporate bosses pull on the public
@b1itsjustme Bruh looking at last nights debates, I'd take a used tampon over these brain-addled boomers. At least this lady can do basic math and understands the definitions of words.
I disagree, in that I think she's one of the rare politicians who is exactly where she needs to be. I'm sure she would be competent as president (admittedly low bar now), but her real skill is being clear enough, persistent enough and smart enough that any person being questioned in a hearing who thinks they can just handwave away questions by "waxing eloquently" and claiming it's complex but offering BS "simplifications" gets exposed as incompetent. Her incredibly on point BS detector would be *wasted* as president.
Katie Porter I love you. You are smart and fearless,and you stand up for the little guy.! We need more citizens in our world like you fighting for fairness. Thank you again!
Hello 👋 Marlene. How are you doing? Hope you are fine. I'm Mark Clifford and am from Denver Colorado. Where are you from? You seem like a real country girl
Oh god how embarrassing, I walk straight back to my office & hand my notice in, she has no business in the CFPB, either she really does not know or she just does not care!
"You may want to write this down" was the best period especially how she places emphasis on the word "YOU." That director was sorely outmatched by someone far smarter.
@@jdrancho1864 - She didn't answer the direct question that was asked, presumably because she didn't know the answer, and instead of just saying she didn't know, she babbled on about some BS to deflect from answering the question. Porter wasn't constantly interrupting her; she repeatedly failed to answer the question she was being asked.
As a single mother in California, I am so proud to have someone as brilliant as Katie Porter representing my home state, and families like mine! Keep up the struggle, sister!
That is the stupidest shit I've heard all day you think shes going this the right way a mommy in Congress trying to make pll with a masters in mathematics look stupid but holding up a book she simplifies it's for the congress women and then the Congress women tells her shes wrong get a fucking clue
Well Christina, as a married father, I am proud to say that there shouldn't be any "speedy cash" businesses and only Katie Porter (a never-married-mom) would patronize them. Instead of being a never-married-mom, marry before you have kids, send dad off to work, have dad fix your car, and don't go to "speedy cash." Moreover, don't be a smart ass Katie Porter and try and trip people up on what APR is because you read it in a damn text book. Where is the text book that tells never-married-moms to go into "Speedy Cash" (which is nothing more than legal loan sharking) to get cash?
@@kei2142 Well almost. Congresspeople sitting asking questions of a “victim” have only a short period of time to get their questions in. If the person being grilled goes off on a tangent (i.e. stalls for time), that’s when the call for “Reclaiming my time” can be made. It’s up to the Chairperson to give the time back or not.
👏🤘🤣😂 finish her. She should be in the next round of mortal combat with vocal skills that cripple and strips them of dignity. DIGNITY FATALITY. FLAWLESS
Every time I listen to Katie Porter, regardless of the topic, it's very obvious how deeply she cares care about the impact on every day people. The way she challenges those who evidently don't, in such an eloquent manner, should be inspirational to anyone, especially young politicians.
Why was any of my schoolwork ever graded if “adults” who run agencies in the Federal government are not required to even answer questions without penalty?
being an authority figure is measured by your ability to answer question without answering aTHE questions. This lady cuts out all the BS waste of time.
@@frozenjune83 you don’t try to bs-answer someone who was a friggin teacher. She has seen all the attempts and stupid excuses. She knows the children’s word-games.
Katie Porter does what a true representative of the people should always do. She is a graduate of Yale with honors, graduate of Harvard with honors, a lawyer a Law Professor, and she does know her economics pretty well. She wrote the frigging text book. I Love her.
Calculator person was ready to go. They be like: lady you are about to get the whiteboard, so you better start doing some calculations and I don’t wanna be held responsible here.
This would be a lot better America if we had more representations like the honorable Katie Porter. I truly enjoy the consumer decision-makers grilling she gives these folks. Thanks for being on the side of common folk as myself. It starts to make my faith in the judicial system a little better.
I am not even in America and not an American, but this is why democracy is beautiful and I hope more children are inspired by her and the world has more of her kind.
@@cathiehamilton5 He definitely was. But that was the point I was trying to make. That not everyone who graduates from an IVY league school is utterly brilliant.
Watching this have me wanting to relocate to Orange County so I can vote for her. My district congresswoman in L.A. sucks, and she’s been there forever.
A good vote, she's what's needed in Parliamentarians all around the world to represent the people and, using an Australian term, "keep the ba33ta®D3 honest"👏 🇦🇺👍
Madam Porter, watching your videos from India, wishing that every qualified lady get this in TH-cam recommendations, instead of watching mythology. Rise, woman of the new world.
When you’re having a discussion with someone, and they show you the textbook that they wrote on the subject, it’s time to move along. And then the disembodied hand hands this lady a calculator!!!!! I don’t know who’s more dead, me or her!
Oceane Castelnau I would settle for that, but ya know, I think she would do well in office. She doesn’t equivocate or bs. She attacks the financial industry and it is something we need.
Now that's EMBARRASSING!!! and it wasn't a trick question, it's the fundamental essence of loans and APR. This not some complicated theoretical construct, but the backbone of simple loans and the interest therein......... OUCH!
It's obvious the CFPB Director is used to being the only one with power in a conversation but not have the knowledge to back her up. She doesn't like having to answer to anyone, that's a bad sign.
Great job, if the head of the CFPB can't do the simple calculation of an APR in something a low as a $200 payday loan, then how can she do her job correctly. But that is par for the course with this administration, they don't want anything that benefits the other 99% to do its job correctly. Thank you Rep Porter for fighting for Americans.
It's not that she can't. She doesn't want to. If the math was done you would see that the "speedy Cash" place is charging in excess of 250% of interest. That is something the director DOES not want to talk about.
@@Chazahc18 stfu, Jay has the floor. See, you don't need the chair, just be surrounded by good people. : ] Also, luv u. Didn't really mean for you to stfu, was just making a point. 🤗
This lady is incredibly impressive. She seems to be a politician who cares and one who is prepared to take on the untouchables. Well done, I wish you well.
Katie Porter made me laugh out loud - possessed of a fine intelligence, and perhaps more importantly, a thing which Ernest Hemingway described as a 'very sensitive bullshite detector'.
She is awesome!! go Katie!! A lot of people don't know how to calculate the APR and even on mortgages. I do wish they would make it easier for consumers to calculate it.
I’m a Canadian and I wish our government had representatives like this, definitely the US desperately need more representation like this awesome member, well done miss Porter.
There are more people like Katie Porter all throughout the US. They just need the right push to run or a little bit of volunteering hours if they do run. That's the secret that our political process tries to hide. If you want to find more Katie Porters, look at the Justice Democrats and Brand New Congress.
I snorted Pepsi up my nose when she did it, spent the next minute crying & laughing at the same time. Fucking CSPAN director missed the pickup reaction shot from Miss Clueless that must've been PRICEless. (See what I did there? )
Yeah! But everybody looking down at the floor weren't *trying to get a GOVT JOB RUNNING A CONSUMER AGENCY that is supposed to PROTECT people* from making stupid financial moves!!!!
@@samjordan8800 Then she is right to say that this is, in fact, a policy question. To use your example, Kraninger is not the teacher or the students in the class room, she is the school district superintendent who decides they need to switch to "new math".
3,128.57% To calculate APR, use the following steps: Add the administrative fees to the interest amount. (200+20+20 = 240) Divide by loan amount (principal). (200) Divide by the total number of days in the loan term. (14) Multiply all by 365 (one year) Multiply by 100 to convert to a percentage
“I’d be happy to send you a copy of the textbook I wrote” is one of the most badass lines I’ve ever heard
When I was in college, it would've been nice for a couple of my professors to do this, but no, we had to go pay $250 for the textbook they wrote.
th-cam.com/video/FuE8j4g7HrA/w-d-xo.html
This is one of the most badass comments I've ever heard.
Haha. That happened to be the first video i watched. She is bad ass
I had a laugh.
I’m going to say, “Reclaiming my time” every time someone tries to talk over me with babble.
ERA CASTE It appears you have no sense of humor.
Dilly Dilly !
Congresswoman is rude
@@roygould408 lol
Do it at work 😂
If she pulls that dry erase board, it’s over for these folks.
The dry erase board of truth and justice.
😂😂😂😂😂😂😂
Her and her props. I've got to start doing that.
Go ahead punk make my day
Lmao
The APR is 521% if anyone is curious
I was curious and couldn't be bothered to do the math, so thanks you.
How did you get that number?
I suspect you're right- but would you mind showing your work?
@@soupernutt9508 $20 origination fee + 2*$10 interest on a $200 loan = $40 in fees.
40/(365/14) = 1042.9 fees in a year
( fees / (days in a year) / (days in a fortnight))
1042.9 / 200 = 521%
(annualised fees / amount borrowed)
@@Jack1998d1 Extremely random comment, but as an American, I LOVE the casual proper use of "fortnight."
2:06 The fact that as soon as she started talking BS, somebody placed the calculator on the desk juuuuuuuuust at the corner of frame KILLS me.
okay...
Me too!
that destroyed me as well 😂
Me too!!!😂😂😂
I died!🤣🤣
Thug Life song played in my head!🤣🤣
I don't care what political party she is in but thank God we have her.
She's protecting the American consumer. So, we can't say for sure that she's a Democrat, but we can be certain she's not a Republican.
@@Grassy_Gnoll If you look her up, she's a representative for the Democratic Party in California.
@@Grassy_Gnoll and it shouldn't matter but she is doing her job.
Richard Larson 👏👏👏👏
At this point i'm convinced both parties are garbage, and the party system belongs in the trash. We should be electing people for what they stand for and do, not what party they belong to
I've been under a rock for a long time.. I've never heard of this congresswoman before today, and I absolutely love her!! We need more people like her in government and positions of authority!!
The crooks in Government are either Lawyers or Accountants, go figure?
VOTE!
Women like Porter, Warren, and the squad of course, scare the bejeezus out of typically duplicitous, republican milquetoast and their bosses.
You're going to be disappointed to learn that she is just another libtard that lost all credibility when she wore a cat costume to Trump's impeachment
Look her up she's so smart.
Congratulations, you just found a small bit of hope. She also takes no Corp donations, is a single Mon, drives a mini van and does her own grocery shopping at Albertsons.
SHE WROTE A TEXT BOOK!!! I would just fake a heart attack.
IT would be less painful then the NEXT questions!
Loool😂😂🤣
😂😂😂
😂😂😂😂😂
Fred... Is that you?
Right!!! Haha
This woman is a wolf, she won’t let go. That’s a good thing. Absolute genius.
I think Porter is brilliant, and I think her and AOC are incredibly smart and talented. They give me hope that there are some genuinely caring and honest politicians in existence and I hope they stick around for a long time.
Still waiting on that AOC x Porter collab 😤😤😤😤
Why should she let go... she is fighting for others..., she is being how they would be to a poor person..
Porter is amazing indeed. She looks like a soccer mom but in reality... she's the MVP in terms of the way she questions shady people. Always respectful, not grandstanding... just quiet strength and determination.
Maureen Perez
Dam pity that more US (all) politicians don’t pull finger like her
"I'd be happy to send you a copy of the textbook I wrote."
That sent a chill up my spine.
You can't tap out in a Congressional hearing.
CHILL, i almost fell out of my chair.........hahahahaha. i love this woman. You are right you cant tap, or hide.She wanted to slide under the table.
And the textbook she holds looks used
Captain Finance
@@juancarlosgonzalez4150 you is funny 😂😂😂😂
It's always personal with her not on a american value ,rather a bout her and demeaning pll and an additude to boot I hate this bitch
Wonderful woman, takes no prisoners and accepts no BS. More like her are needed in public office.
We need more people like Rep Porter in....everywhere. Business, politics, education, you name it.
"This is just a math exercise"
Yes. Because the congresswoman is not convinced that you can do the math, and that's part of your job. See the issue?
😂
Or, perhaps more to the point, that she doesn't understand what she's talking about. I suspect that had she explained APR clearly and accurately the first time, the math wouldn't have been called upon. The fact that she couldn't explain it and yet claimed she knew what it meant led to the "Well, then show it practically," escalation.
Perfect
"my concern is whether you know well, MAAM"
Lolol guys she does know that math, she doesn’t want to admit that she’s taking advantage of the misfortune of people below the poverty line and prolonging there inability to find financial freedom. All of us couldve done the math with a calculator and 1 minute... I hope...
Rep. Katie Porter does not kid around. Intelligent, takes her job seriously.. and for the people. Please consider a run for the presidency in the near future. My kind of leader!
Roger that! I listened to Katie last night and ended up almost crying. Presidency? She'd definitely get my vote.
She can't be president she is not good for business. They would have her out by the first year the moment she did what she is doing here.
@@fuckutube9217 Not good for corporations that are sucking the country dry? Sounds like my kinda leader if she's not afraid to challenge their bullshit and call their scams for what they are.
Someone to look forward for president one day!!..
I cosign that!
This Rep is phenomenal.
Regardless of party, it is so rare to find this type of probing question from our polititians who are so compromised by big business.
This makes me want to move to Katie's district so I can vote for her! Thank you for doing what every member of Congress should be doing. She is always better prepared than the person she's questioning and she doesn't let anyone slip by with evasive answers.
Send a check to the Katie Porter for Congress campaign. They're always accepting money. If you don't have it, take out a loan from a payday lender. Put your money where your mouth is.
I reclaim my Time 🤣🤣🤣🤣
@@jdrancho1864 Hmmm. Lame.
2:02 And shoutouts to the staffer who tossed her the calculator!
Right, and nice polite arm's lengrh placement. Director can't complain "don't shove that calculator in my face.". And: nice and big, so reads on camera. Well done.
LOL! Representative Katie Porter gives off that College Professor vibe. That staffer knows that if the CFPB Director doesn’t answer the APR question, then there is a good chance Porter is going to stop everything and make the whole room do the question.
Yo i didnt notice that, thats hilarious 😂😂
😁
I don’t know how to properly thank you for that, so here’s a like.
When the director of the CFPB can not answer something you learn about in an entry level personal finance class you know we got the wrong people in charge
Brodie Pisack
amen! damn shame! and they wonder why their are so much predatory lending going on
Nose of the discussion of policy I would have refused to do the math trick to
meant *there*
@@joraveranius444 how can you talk policy on a subject where you don't know the basics?
Landon Smith Agree. Why was she so so afraid to do a simple math calculation given that this is a subject matter she should be well versed in? It should be an automatic calculation. Why the drama? Just do it. I would imagine ‘calculate the APR’ to be an ECON101 question. Katie Porter is exposing the hypocrisy of the People in Charge, and that pisses off her detractors.
God I love this woman. She is so clear and defined with her questions and wording. If ever, a politician was this direct I would have confidence in my politicians.
The Miss Porter school of humility... Outstanding!
Lol humility, she acts smug as hell. Look up the time she wore bright orange while reading “the subtle art of not giving a fuck” in that room. There are people who stand up for good values who don’t act like clowns
I am convinced that a lot of these people cry when they get to their car after being questioned by Porter.
They have to have a heart first
Imagine a pincer attack with AOC. They'd shit their pants XD
Unfortunately probably not, as most of these people a psychopaths or at the least sociopaths. They just couldn't care less. It's common knowledge that theres a disproportionate amount of people in banking and finance with antisocial personality disorder, which is shrink speak for people with psychopathic or sociopathic tendencies.
Porter or Warren.
Dayum
They play themselves. They let the corporate circle jerk get to their heads.
I am a Republican and even I love how simple and down to Earth she is; speaking common for/about the common people and the common problems that we face every day. This is a TRUE representative of the common man/woman in todays world.
Shawn Rendleman well said sir
That's how all reps should be. Fuck party affiliation. You're representing people not parties
Thank you, for seeing her for who she is, and the valid points she makes. And not only seeing her as a Democrat.
@Rodger Hodgson no the problem is using those terms as if they identify a person into a stereotype. Which news sources on both political parties shove down your throat and you believe. That's why all people should be neutral and not claim to be part of a party, and just vote for the candidate that best represents what they want from government. The fact is neither side gives accurate non bias facts when it comes to news, if they even give the actual story. Most news programs are talk shows with actual news on a continuous line at the bottom of the screen and all you get is a headline no story no facts nothing. Because the government as a whole(not party) wants the public to be uneducated to what is actually going on or the fact that its run by the 1% for the 1%. Both sides work for the corporations on a global scale and don't care how poor or how uneducated we are, all while giving us bullshit stories to distract us.
@Jay Boh How many of those acts were criminal or even happened. It is rather hard to separate the fact from fiction when there is so much that has been proven fiction.
DAMN... even the woman sitting next to her couldn’t stop staring in awe.
Who is this? Where I vote for her wherever she wants to go? This is a real politician no taking BS as an answer, looking for the people against Corp. The kind of hero that we don’t have, but kind of the hero we deserve,
Alvaro Robles Katie Porter...her main base of operations is Irvine, CA. She is kickass. Team her up with the other ladies of the Squad in the house and they are unbeatable. Do a search for where they Grilled Louis DeJoy the Postmaster General since July, oh my god it made for hilarious watching. Mainly because of his disdain of being questioned by mere Women.
The secret is that although Katie porter is in irvine and you can't vote for her, there are a bunch of katie porters all throughout who just need a push to run or some support if they run. check out Justice Democrats and Brand New Congress to find them.
"I'd be happy to send you a copy of the textbook I wrote."
That is the most withering response I have ever heard.
But pay 400 dollars for it.
Katie Porter has those responses on tap. Rounds for everyone. End of the day, zero games. Serious respect.
@@JJ-nu8qi, there is no suggestion in her comment that she expected to be paid for it and certainly not $400.
Withering response and flexing expertise rolled in one...
Priceless!
“You may want to write this down...” 😂😂😂
David Miles Time of death is note as...
@@andrewklebahn8792 Nope. It is 260%. That's 10% (for two weeks), multiplied by 26 (the number of two-week periods in a year).
Andrew Klebahn At least you attempted the question, unlike the Director, whose job it is to know what an APR is.
David Miles When I heard that, I immediately thought of my professors and what that statement meant:
This information will be on the final exam.
@@andrewklebahn8792 at least you ballparked it. The director couldn't even do thst and you were close mate.
Absolutely my new favorite!! KP nails it every time. She cuts through the bs and gets to the essence of the horrible tricks big companies and overpaid corporate bosses pull on the public
I am total fan of Katie Porter! We need more of her and representatives LIKE her!
Hello 👋 how are you doing today... 💕💕💕
And I hope you do stay safe due to the pandemic over there.?
When you're ready, I'd vote for you for President.
California won't let her go!
@b1itsjustme Bruh looking at last nights debates, I'd take a used tampon over these brain-addled boomers. At least this lady can do basic math and understands the definitions of words.
I disagree, in that I think she's one of the rare politicians who is exactly where she needs to be. I'm sure she would be competent as president (admittedly low bar now), but her real skill is being clear enough, persistent enough and smart enough that any person being questioned in a hearing who thinks they can just handwave away questions by "waxing eloquently" and claiming it's complex but offering BS "simplifications" gets exposed as incompetent. Her incredibly on point BS detector would be *wasted* as president.
@@kc2pix that's fair
@b1itsjustme because she cares about people, we live in a world that the wolves have power and try to kill the poor. She is the protector.
THEY BROUGHT HER A CALCULATOR IM DYING
Why is this clip so short? I want to see where this goes.
Another hearing with Porter and this witness...
th-cam.com/video/7XyJ4ISRqw4/w-d-xo.html
@@fayrefitness5416 Thank you!!!
She got detention
@@myview5840 😂😂😂
th-cam.com/video/-TFQjYfrE0Q/w-d-xo.html
Katie Porter I love you. You are smart and fearless,and you stand up for the little guy.! We need more citizens in our world like you fighting for fairness. Thank you again!
Hello 👋 Marlene. How are you doing? Hope you are fine. I'm Mark Clifford and am from Denver Colorado. Where are you from? You seem like a real country girl
“this isn’t a math exercise”
It literally is a math exercise...her job is to be able to DO these math exercises.
No, her JOB is to service the wants and needs of her Repugnant masters....
@@hymanocohann2698 Well, now you just made math sound sexual.
@@matrixphijr this is gonna be awkward when I do my math work
@@davidkoralov3529 my calculations show a total of $1042.00
521% x $200 =$1042.00
Am I wrong?
@@dumpster1947 I deleted my comment.
This woman is amazing. The part where they put the calculator in front of the CFPB director, just wow!
lol i died at that point.. she didnt even pretend to try to figure it out lmfao
She didn't even know where to start
Oh god how embarrassing, I walk straight back to my office & hand my notice in, she has no business in the CFPB, either she really does not know or she just does not care!
@@jaybee8862 That or she was trying to get to the point instead of spending time grandstanding.
@@olstar18 what point? the only point is she isn't qualified to do her job
"You may want to write this down" was the best period especially how she places emphasis on the word "YOU." That director was sorely outmatched by someone far smarter.
I'm not even a yank she gold reminds me of Paul Keating one of the greatest prime minister my country had.
I'm sure her prep told her this was a dog and pony show and not to get rattled, even when Porter constantly interrupted her.
@@jdrancho1864 - She didn't answer the direct question that was asked, presumably because she didn't know the answer, and instead of just saying she didn't know, she babbled on about some BS to deflect from answering the question. Porter wasn't constantly interrupting her; she repeatedly failed to answer the question she was being asked.
RECLAIMING MY TIME. This lady is savage. Love it.
As a single mother in California, I am so proud to have someone as brilliant as Katie Porter representing my home state, and families like mine! Keep up the struggle, sister!
she is killing it !!
Lol you’re a foolish, lost soul. Poor thing.
That is the stupidest shit I've heard all day you think shes going this the right way a mommy in Congress trying to make pll with a masters in mathematics look stupid but holding up a book she simplifies it's for the congress women and then the Congress women tells her shes wrong get a fucking clue
@@joraveranius444 she is trying to protect you from getting loans u can not repay and go to jail for failing to pay it. Idiot.
Well Christina, as a married father, I am proud to say that there shouldn't be any "speedy cash" businesses and only Katie Porter (a never-married-mom) would patronize them. Instead of being a never-married-mom, marry before you have kids, send dad off to work, have dad fix your car, and don't go to "speedy cash." Moreover, don't be a smart ass Katie Porter and try and trip people up on what APR is because you read it in a damn text book. Where is the text book that tells never-married-moms to go into "Speedy Cash" (which is nothing more than legal loan sharking) to get cash?
“RECLAIMING MY TIME!!!!!!”
FLAWLESS VICTORY...
FINISH HER....
Hahahaha😂Nice one!
FATALITY!
So that's the polite way to tell people shut the fuck up?
@@kei2142 Well almost. Congresspeople sitting asking questions of a “victim” have only a short period of time to get their questions in. If the person being grilled goes off on a tangent (i.e. stalls for time), that’s when the call for “Reclaiming my time” can be made. It’s up to the Chairperson to give the time back or not.
👏🤘🤣😂 finish her. She should be in the next round of mortal combat with vocal skills that cripple and strips them of dignity.
DIGNITY FATALITY. FLAWLESS
Every time I listen to Katie Porter, regardless of the topic, it's very obvious how deeply she cares care about the impact on every day people.
The way she challenges those who evidently don't, in such an eloquent manner, should be inspirational to anyone, especially young politicians.
Did anyone else not want this vid to end so you could see the finance woman squirm for a bit longer??! Go girl!!
Why was any of my schoolwork ever graded if “adults” who run agencies in the Federal government are not required to even answer questions without penalty?
Good question
So you can snap back at "adults" who try to dupe you. Knowledge is power.
🎯🎯🎯
being an authority figure is measured by your ability to answer question without answering aTHE questions. This lady cuts out all the BS waste of time.
@@frozenjune83 you don’t try to bs-answer someone who was a friggin teacher. She has seen all the attempts and stupid excuses. She knows the children’s word-games.
OMFG i died at 2:10 when someone tossed her the calculator lmao
😂😂😂😂
I scrolled these comments looking to see if anyone else noticed that!!! It was tossed, not even gently handed! Loved It !!
She looked it like she just had a snake thrown on her desk!
it was placed gently fcs
That alone makes me wish I was a Senate staffer, that shit was hilarious
She is a LEGEND! Standing up to finance corporations who take advantage of borrowers, brilliant!
Katie Porter does what a true representative of the people should always do. She is a graduate of Yale with honors, graduate of Harvard with honors, a lawyer a Law Professor, and she does know her economics pretty well. She wrote the frigging text book. I Love her.
When they placed the calculator in front of her I was dead 🤣👏🏾
I missed that. Thank you for pointing that out. It made enjoy the video that much more. Rep. Porter is amazing.
""If you need a calculator , I have one for you ... "" Just genius !
And then one is placed in front of the director
Bam. 😀
One just magically slides onto her desk!
Also, "I'll be happy to lend you a copy of the book that I wrote." Katie Porter is savage and America needs her.
Calculator person was ready to go. They be like: lady you are about to get the whiteboard, so you better start doing some calculations and I don’t wanna be held responsible here.
This would be a lot better America if we had more representations like the honorable Katie Porter. I truly enjoy the consumer decision-makers grilling she gives these folks. Thanks for being on the side of common folk as myself. It starts to make my faith in the judicial system a little better.
This is what our government should look like, fighting for American people.
I love her!
Legend has it she is still reclaiming her time.
Love this and everything else I’ve seen from her
Meredith Grey ✊🏾🙌🏿👏🏾😻😩😂
I am not even in America and not an American, but this is why democracy is beautiful and I hope more children are inspired by her and the world has more of her kind.
This is priceless! We need more like her in government!
And that's what you get when you graduate from both Yale AND Harvard Law - utter BRILLIANCE...
wow, you mean to tell me she didnt go to trump university....hahahaha
G.W Bush went to Yale and Harvard too. 😁😁😂
@The Great 1, but wasn’t he a legacy, he didn’t get in on his own merits!
@@cathiehamilton5 He definitely was.
But that was the point I was trying to make.
That not everyone who graduates from an IVY league school is utterly brilliant.
@@thegreat149 Blasphemy.
She’s my congresswoman! My whole family voted for her!
...and please keep doing so for the sake of this nation and its citizens!
Great choice. You have joined the pride of a lioness, proudly.
Watching this have me wanting to relocate to Orange County so I can vote for her. My district congresswoman in L.A. sucks, and she’s been there forever.
Lucky.
That's it. That's the whole response.
A good vote, she's what's needed in Parliamentarians all around the world to represent the people and, using an Australian term, "keep the ba33ta®D3 honest"👏 🇦🇺👍
We need more people like this representing the public.
we need more people like her
" I'll be happy to send you a copy of the textbook , THAT I WROTE!" Bam! You do NOT want to mess with Rep. Porter!
Katie Porter is my HERO!! Wow!!! I wasn't being questioned and I was nervous as hell watching this and trying to figure out the answer. 🤣🤣
Lol....when she stated they would provide a calculator I was done!
IKR I know I was sweatin' bullets, cuz math certainly was NOT my favorite subject. 😂😂
$40 for cost of loan? $240 total for repayment. My guess...
Christine Ofor and then they did place a calculator in front of her
@@newcince That's just the start of the fees. The apr was 520% a year aprox. Someone here posted the calculation.
Madam Porter, watching your videos from India, wishing that every qualified lady get this in TH-cam recommendations, instead of watching mythology. Rise, woman of the new world.
Thank you Representative Porter for taking care of us "little" people!
Ms. Porter is brilliant!!! Can I cross state lines to vote for her?!!!
Can I cross an international border to vote for her! We could use her here in Canada!
Ahtaimo get your poutine soaked paws off her! She is ours!
PS - send poutine please 🤤
Send money to the Porter for "Congress campaign. If you don't have the money, get a payday loan. Put your money where your mouth is.
This is what every district and state needs. An intelligent female representative who takes no guff. PRAISE !
Why is it so important that the person has a vagina?
@@winstonsmith2079 THANK YOU lol
"Female" wouldn't be representative of the nation.
When you’re having a discussion with someone, and they show you the textbook that they wrote on the subject, it’s time to move along.
And then the disembodied hand hands this lady a calculator!!!!! I don’t know who’s more dead, me or her!
This woman is amazing, we need more of her
I love Katie Porter a future President of the United States
I love her for Secretary of the Treasury!
Hell she could clone herself and give me a copy I’d be cool with that.
I would vote for her omg she is a beast i love her omg
@@Shylade ME too. I would really like to have a copy of clone Ms. Katie Porter. She's the true HERO.
Oceane Castelnau I would settle for that, but ya know, I think she would do well in office. She doesn’t equivocate or bs. She attacks the financial industry and it is something we need.
Now that's EMBARRASSING!!!
and it wasn't a trick question, it's the fundamental essence of loans and APR.
This not some complicated theoretical construct, but the backbone of simple loans and the interest therein.........
OUCH!
AND Katie's example is easy to ballpark without a calculator.
But what’s the answer?
520%
How 52? Im lost.
@@JosePalacio12 I'm not American, but I'm assuming the loan is 10% per week, 52 weeks a year, 520%. $104,000? Surely not?
If we had more people like this, maybe our government wouldn't be in the sad state it currently is.
Gosh I love this, the world needs more people in politics like her
It's obvious the CFPB Director is used to being the only one with power in a conversation but not have the knowledge to back her up. She doesn't like having to answer to anyone, that's a bad sign.
exactly , well said.
Thank you for representing your constituents well and helping stand up for those need you the most!!! ❤️
Y’all I’m dying at the little hand that snuck the calculator into view😂😂😂
This is so much better than watching the evening news. I'm glad to see Katie holding other people to account. Thanks.
Great job, if the head of the CFPB can't do the simple calculation of an APR in something a low as a $200 payday loan, then how can she do her job correctly. But that is par for the course with this administration, they don't want anything that benefits the other 99% to do its job correctly. Thank you Rep Porter for fighting for Americans.
It's not that she can't. She doesn't want to.
If the math was done you would see that the "speedy Cash" place is charging in excess of 250% of interest.
That is something the director DOES not want to talk about.
I hate to say this but "WORDDDDD"
@@ToBeSchooled 520% APR
@@SNORKYMEDIA "in excess of 250%"
Means 250 and up.
@@SNORKYMEDIA isn't it 640% APR?
That what I"m talking about they making all this money and can't answer a sample question Good Job Ms. Porter
Denise Gray
the damn director of the cfpb at that! the damn director. we were taught that in finance 101
I cant figure out the apr either
that statement is ridiculous. Do you know the science behind dark matter and gravitational forces just becuase you are affected by them every day?
I’m glad we have Katie. We need a whole lot more just like her. Give em hell Katie!
I love a smart woman! Rep. Porter, everytime I catch you on TH-cam, you never cease to amaze me. A fan from Las Vegas, NV December 20, 2020
I'm going to use "reclaiming my time" as a common reply in my day to day life. Its just so Savage.
But madam chair wont be there to second you
@@Chazahc18 stfu, Jay has the floor.
See, you don't need the chair, just be surrounded by good people. : ]
Also, luv u. Didn't really mean for you to stfu, was just making a point. 🤗
LOL. Love it!
You can also use "Right of Privilege"! Look that video up if you haven't heard/seen it. Absolutely ridiculous.
@@dereck377 what privilege? White privilege?
Ohh yes, that'll get you far.
Damn! This lady is brutal! We need more like her. I hope I live long enough to see her run for President. I will vote for her.
This lady is incredibly impressive. She seems to be a politician who cares and one who is prepared to take on the untouchables. Well done, I wish you well.
I love her! This is what a public representative should be like! Go Katie!
People like Rep Porter give me hope re: dealing with corruption in the US.
Katie Porter made me laugh out loud - possessed of a fine intelligence, and perhaps more importantly, a thing which Ernest Hemingway described as a 'very sensitive bullshite detector'.
Yes!!!
I voted for her straight twice. She has been working hard for us.
She is awesome!! go Katie!! A lot of people don't know how to calculate the APR and even on mortgages. I do wish they would make it easier for consumers to calculate it.
I LAUGHED MY AS OFF WHEN THEY DROPPED THE CALCULATOR DOWN HAHAHAHA
lol
“I’d be happy to send you a copy of the textbook I wrote.”
I love her 😂😂
This woman is GOOD. I love the way she cuts out the BS and gets straight to the point all without even raiding her voice.
Protect this lady at all costs. She just earned herself a loyal voter!!👏
When they brought out the calculator I lost it. 😭😭😭😭
th-cam.com/video/FuE8j4g7HrA/w-d-xo.html
I’m a Canadian and I wish our government had representatives like this, definitely the US desperately need more representation like this awesome member, well done miss Porter.
There are more people like Katie Porter all throughout the US. They just need the right push to run or a little bit of volunteering hours if they do run. That's the secret that our political process tries to hide. If you want to find more Katie Porters, look at the Justice Democrats and Brand New Congress.
Give me more! We need more people like Ms. Porter
Presumably this is why teachers were always banging on about 'Show your working'.
Keep up the awesome work! We're rooting for you Ms. Porter!
When the person questioning you says "The textbook that I wrote"
Definitely not the one to mess with...
It's sooo over
I snorted Pepsi up my nose when she did it, spent the next minute crying & laughing at the same time. Fucking CSPAN director missed the pickup reaction shot from Miss Clueless that must've been PRICEless. (See what I did there? )
If you ever see my comment:
I'm from Australia, I have no idea who you are ma'am but I am LIVING for your videos of you!
Thank you TH-cam.
She is the no bullshit woman we need in the world. I love her direct approach to things, and of course, the infamous book and board she uses.
FROM THE TEXTBOOK"THAT I WROTE" OPENS EYES ACROSS THE ROOM
I *LOVE that* !!!!
She *LITERALLY* wrote the *BOOK* !!!!
which I just happen to have here with me.
This reminds me when the teacher was looking for someone to solve a problem and everyone looked at the floor saying to themselves "please not me"
🤣
Yeah! But everybody looking down at the floor weren't *trying to get a GOVT JOB RUNNING A CONSUMER AGENCY that is supposed to PROTECT people* from making stupid financial moves!!!!
@@samjordan8800 Then she is right to say that this is, in fact, a policy question. To use your example, Kraninger is not the teacher or the students in the class room, she is the school district superintendent who decides they need to switch to "new math".
I have a feeling she wasn't brutal as a teacher. I think she really likes to help and would be kind.
Outstanding Katie!!! We need an Army like you…. So many Crooks in the country!!
3,128.57%
To calculate APR, use the following steps:
Add the administrative fees to the interest amount. (200+20+20 = 240)
Divide by loan amount (principal). (200)
Divide by the total number of days in the loan term. (14)
Multiply all by 365 (one year)
Multiply by 100 to convert to a percentage
If it's so simple - according to Katie Porter's textbook - how come the answers vary so widely??