PolitiQuote

Discover video-sourced quotes by politicians

Matt Cartwright: “Interest rates always reflect in part the risk of…”

Featuring: Matt Cartwright, Democratic | Former U.S. House, Pennsylvania, District 8

Watch on YouTube

The Volpe Report - Sunday Feb 26, 2023 - US Rep. Matt Cartwright

Published | Video Starts at 10:02

And all of a sudden interest rates not only in this country but all over the world go up. And they may go up 2%, 3%, they could go up 5%. Because Interest rates always reflect in part the risk of non-repayment. non repayment. And that's why if you have a bad credit score, you pay higher interest than people with a good credit score. Of course, it's the same free market analysis. (10:02–10:14)

CLAIM

Asserts that interest rates are influenced by the risk of non-repayment.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


Matt Cartwright

Discover more from

Matt Cartwright

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.