Idiot
February 25, 2009 | New Hampshire, industry, media coverage, states | Comments (0)This smug, ignorant columnist, Darrin Garnick, thinks payday lenders left New Hampshire in a fit of spite. No where in this column does the writer show any understanding of the costs of doing business under a 36% rate cap law, specifically, a $1.38 charge for every $100 loaned. Note to Mr. Garnick: businesses seek profits. They are not in the business of making loans at a loss.
