George Will on “Predatory Lenders” and the liberal narrative
April 14, 2008 | positive media coverage | Comments (0)In his most recent column, George Will looks critically at all the hyperventilating about our nation’s economy in “crisis.” When compared historically, Will demonstrates that our economic situation today is not really so bad. His insights into the subprime mortgage “crisis” is particularly noteworthy. He says about the small percentage of Americans who have taken subprime mortgages and cannot afford to pay them:
“Casting this minority of a minority as victims of ‘predatory’ lending fits the liberal narrative that most Americans are victims of this or that sinister elite or impersonal force and are not competent to cope with life’s complexities without government supervision.”
Payday lenders have always believed our customers are smart and savvy consumers who understand that a payday loan is often their most financially sound option. Regrettably, this doesn’t jive with the liberal narrative.
Comments»
No comments yet.