Jerk!
December 18, 2008 | alternatives, industry, media coverage | Comments (1)The nerve of this guy to insult payday lenders gratuitiously while discussing larger economic scandals. Have any payday lenders been caught in anything resembling Bear Stearns, Madoff, subprime lending?
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The unjust alignment of payday lending is shrill, ignorant and wearying all at once. Still, it seems everyone’s tapping to its tune. It’s hard not to see the writing on the wall as upcoming financial regulation will inevitably sweep the anti-payday lending fervor and knee-jerk rectionism into universal restrictions as seen in Ohio and the John Warner act. Sadly, I fear this needed and helpful industry is going to be dead or completely unrecognizable within a year.