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Just wondering

September 15, 2008 | customers, industry | Comments (0)

In the wake of all these bank failures and the writing down of potentially $500 billion in loans this year, does anyone know of a major payday lending company that went under because they made too many “risky” loans? 

Is it a reasonable argument to say that the payday lending model is more beneficial to both the lenders and borrowers than many bank and investment firm models?  

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