A House subcommittee wants to legalize payday loans with interest rates of up to 391%. Lobbyists from the payday industry bought Congress' support by showering influential members, including Chairman Luiz Gutierrez, with campaign cash. The Congressman is now playing good cop, bad cop with the payday industry, which is pretending to oppose his generous gift of a bill.
Tuesday, April 07, 2009
What the fuck is he thinking?
How can anyone in their right mind think this is a good move?
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2 comments:
"And what do you think of usury?"
Do you think he might realize what this does to poor people if he lost his job, his pension and savings, his credit cards and had to borrow at 391%?
Or is he just that heartless and stupid?
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