Nope.
This about the bigger banks using the force of government to gain a bigger share of the sub-prime and sub, sub below that markets.
Wall street and Wilmington, DE are being rewarded with crony legislation
This about the bigger banks using the force of government to gain a bigger share of the sub-prime and sub, sub below that markets.
Cronyism: the Chicago way.
No financial institution is going to loan a dime to these people.
The only way that these people can get a loan is through a private lender, and at least the payday people weren’t breaking kneecaps. The worst they could do was send someone to collections.
Thomas Sowell, BTW, was fully in favor of payday loan providers.