Comments on: Rate caps hurt poor people http://paydaypundit.org/2008/09/02/rate-caps-hurt-poor-people/ News and Information About The Payday Lending Industry Fri, 18 Jun 2010 21:33:31 -0700 http://wordpress.org/?v=2.9 hourly 1 By: Aurther's critic http://paydaypundit.org/2008/09/02/rate-caps-hurt-poor-people/comment-page-1/#comment-1398 Aurther's critic Wed, 03 Sep 2008 10:55:28 +0000 http://paydaypundit.org/?p=1355#comment-1398 I think Aurthur will benefit financially from us closing, there for no other terms mater to him. He isnt about teaching people ways to get out of debt, he is into taking away options that help them in a time of need. This way they have more over draft and NSF charges. WAIT HE'S A BANKER!!!! great way to boost the economy banker, great way to keep these people paying your extra bank charges. If he would go to China, I think they would turn him out and his true colors would shine! I think Aurthur will benefit financially from us closing, there for no other terms mater to him. He isnt about teaching people ways to get out of debt, he is into taking away options that help them in a time of need. This way they have more over draft and NSF charges. WAIT HE’S A BANKER!!!! great way to boost the economy banker, great way to keep these people paying your extra bank charges. If he would go to China, I think they would turn him out and his true colors would shine!

]]> By: Jon Schultz http://paydaypundit.org/2008/09/02/rate-caps-hurt-poor-people/comment-page-1/#comment-1396 Jon Schultz Wed, 03 Sep 2008 05:36:08 +0000 http://paydaypundit.org/?p=1355#comment-1396 It is welfare enhancing, because that minority of payday loan customers either 1) had an emergency need for funds so critical, at one or more times, that it made the fees of the multiple loans a welfare-enhancing proposition, or 2) simply needed to learn from the school of hard knocks not to borrow irresponsibly, just as many people need to learn from the sickness they develop from eating too many desserts not to make that mistake. Do you want the government to place a cap on the amount of fat and sugar allowed in ice cream? Are ice cream manufacturers "preying" on the weakness of lonely people who seek solace in their oh-so-tempting product? Maybe every time you buy ice cream, Arthur, it should go into a database which the grocery should be required to check before they are allowed to sell it to you. If you make yourself sick and don't have insurance our tax dollars will have to pay for your care. And by the way, do you do any nonessential driving? Think how many problems would be alleviated if gas stations weren't allowed to tempt people to spend more than they can afford on gas... Go to China, Arthur, you'd probably be happier there. It is welfare enhancing, because that minority of payday loan customers either 1) had an emergency need for funds so critical, at one or more times, that it made the fees of the multiple loans a welfare-enhancing proposition, or 2) simply needed to learn from the school of hard knocks not to borrow irresponsibly, just as many people need to learn from the sickness they develop from eating too many desserts not to make that mistake. Do you want the government to place a cap on the amount of fat and sugar allowed in ice cream? Are ice cream manufacturers “preying” on the weakness of lonely people who seek solace in their oh-so-tempting product? Maybe every time you buy ice cream, Arthur, it should go into a database which the grocery should be required to check before they are allowed to sell it to you. If you make yourself sick and don’t have insurance our tax dollars will have to pay for your care. And by the way, do you do any nonessential driving? Think how many problems would be alleviated if gas stations weren’t allowed to tempt people to spend more than they can afford on gas…

Go to China, Arthur, you’d probably be happier there.

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