Most quotable article we’ve ever posted
June 30, 2008 | California, personal finance | Comments (0)This pro-consumer choice piece in the Long Beach, CA newspaper has many great quotes, including:
…But as unwanted as they are by {the city council}, {payday loans} are popular with their customers..
{Payday lenders} must be doing something right, or it could be that conventional banks aren’t always better.
…100 years ago many people would prefer to go to a pawn shop rather than sit through a lecture on personal finance to qualify for a charity’s lower-interest loan.
…it’s not the job of the council to regulate how people spend their money.
Very eloquent.
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