Most erroneous sentence of the year
October 28, 2008 | California, media coverage | Comments (0)From the Inglewood (CA) Weekly:
Predatory lenders congregate in the inner cities peddling payday loans and charging exorbitant rates to cash checks.
According to a NY Federal Reserve staff study, payday loans are not “predatory.” They also don’t congregate in inner cities–they’re more common in suburban strip malls–and they don’t cash checks, check cashers do. Other than that, good job!
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