Legalized Loan Sharks
Don McNay
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Posted 09.28.2011
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Business
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JP Morgan Chase,
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Richmond Kentucky,
Loan Sharks,
Payday Lenders,
Financial Reform,
Bailouts,
Kentucky,
Don McNay,
Vanderbilt,
Citizens for Responsiblity and Ethics,
Gary Rivlin,
Working Poor,
Structured Settlements,
Screw Andrews,
Bank of America,
Poverty Industry,
Broke USA,
Wealth Without Wall Street,
Ohio,
Newport Kentucky,
Eastern Kentucky University,
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Legalized Loan Sharks,
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Too Big to Fail,
Personal Finance,
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Business News
"Financial reform" is a boon for people in the payday loan business. When people fall out of the world of traditional banking, they are still going to need bank-like services. Payday lenders will be in position to fill the gap.
