Category: Credit, Think Tank, Wages & Income

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “Payday Lending: New Research and the Big Question”

  1. A says:

    Preying on the vulnerable is an action as old as civilization itself.

    The difference today, is that financial institutions operate in an ethics-free environment where anyone is fair game and the cost of fines is simply factored into the total cost formula.

    Payday loan companies are doing it; Wall Street banks are doing it; pharmaceutical companies are doing it…the list goes on.

    And the government ? Well, as usual, they spend all of their time campaigning and allow themselves to be bribed (sorry, lobbied) by the various business interests.

    Coming full circle to the lawless society.

    • rd says:

      It appears that much of what is causing the log-jam in Congress is the desire of a number of members to prey on the vulnerable.

  2. MarkKlose says:

    Not sure that calling a three year old paper “New Research” is terribly accurate.