Don’t let the coattails drag! Robert Nozar’s column in Cleveland’s Sun News this morning reveals the hypocritical nature of the media when it comes to payday lending:
Part of the answer to that question lies with the fact that there are members of the media who willingly hold the coats of those politicians so engaged in the battle to cast an unneeded and unwanted presence in those lives.
While those very same columnists and commentators would take issue with government intrusion in other areas, they are very willing to prod, cheer on and otherwise abet paternalistic politicians when their own senses of morality are challenged by that which they find distasteful.
Payday loans are one such “egregious” infringement on the “morality” of those who would presume to speak for the masses.
Never mind that those who object have never needed a payday loan themselves, and likely have never heard a legitimate complaint about a payday loan from a person who has taken out such a loan.
Dear media, please stop trying to control other peoples’ lives on something with which you have no experience.
Our far Left critics’ disdain for “profits” and “competition” comes through in spades in this crazy opinion piece.
Could this be true? Is ACORN really in line to get billions from the federal government?
Check out this “news” release:
Consumer Watchdog called on Senate Banking Committee Chairman Christopher Dodd to re-affirm his commitment to an independent consumer financial regulator today after the nation’s largest bank announced it would not oppose the agency.
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In the letter to Senator Dodd, Consumer Watchdog wrote:
“Abandoning an independent consumer financial regulator is not a small compromise, but an untenable capitulation to those in the financial industry who have no interest in meaningful reform. It would be a disappointing and embarrassing end to more than a year of this committee’s work on a financial regulatory overhaul were you to propose a bill that provides less consumer protection than even the nation’s largest bank is willing to accept.”
ProPublica, the Left-wing independent news organization funded by the Sandler Foundation, (yes, Herb and Marion Sandler, the subprime mortgage billionaires) has the audacity to criticize the payday lending industry. Click here to read about the Sandlers and their connection to ACORN.
The guy who helped bust ACORN is in trouble:
Alleging a plot to tamper with phones in Democratic Sen. Mary Landrieu’s office in the Hale Boggs Federal Building in downtown New Orleans, the FBI arrested four people Monday, including James O’Keefe, 25, a conservative filmmaker whose undercover videos at ACORN field offices severely damaged the advocacy group’s credibility.
When will people learn to quit while they’re ahead?
An Iowan describes our Iowa critics, the ICCI:
These people are basically Iowa’s version of ACORN. They are heavily financed by the SEIU and ACORN. The specialize in shaking down businesses. Their group has about 250 hardcore members who are committed enough to show up for a protest. They are mostly centered in Des Moines. If you look at their membership it is a “Who’s Who,” list of progressive radicals.
It’s amazing how there is an inverse relationship to CRL’s happiness and mine. From today’s American Banker:
Mike Calhoun, the president of the Center for Responsible Lending, agreed. “We are skeptical that there is any structure other than a free-standing agency where the consumer regulator is not pressured by the same interests that produced the crisis that we are still trying to get out of.”
The Justice Department is investigating banks and mortgage lenders that discriminate against minorities. From today’s New York Times:
The Justice Department is beginning a major campaign against banks and mortgage brokers suspected of discriminating against minority applicants in lending, opening a new front in the Obama administration’s response to the foreclosure crisis.
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“They encourage lenders to make risky loans for reasons such as diversity, and then when lenders have a problem because they made too many risky loans, they condemn them for that,” said Ernest Istook, a fellow at the conservative Heritage Foundation and a former Republican congressman from Oklahoma.
And I would add, if you don’t discriminate in any respect, such as payday lenders, you are criticized for “targeting.”
Note that a lawyer from the Center for Responsible Lending has been hired by the Justice Department to pursue this investigation.
GAO to investigate the radical group’s use of federal funds, according to FoxNews.com.
