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Current time: November 1, 2026, 6:49 pm
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Consumer Protection Bureau - an oxymoron
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"It'll ruin our business!" they say.
WELL FUCKING GOOD! It should ruin their fucking business. Those fucking cretins are worse than drug dealers.
"Tradition" is just a word people use to make themselves feel better about being an asshole.
 (February 7, 2019 at 9:28 am)Divinity Wrote: "It'll ruin our business!" they say. Yep, for most Americans, money is a drug. They've never seen a dollar that they didn't want to pour gasoline on to and set on fire. It's sad but true. These predatory lenders are are basically killing the junkies who haven't been able to score, and feeding off of their remains. What's weird is that I see high functioning people who have actually lifted themselves up to earning half way decently, who remain addicted to dealing with the predatory lenders. They keep doing business with them, when they don't have to. Payday loans are only the tip of the iceberg in the predatory lending industry. There's the used car dealers who will finance a car for anyone, the rent to own stores, and owner financed homes. I am really freaked out when I think about how much this industry has grown, that takes advantage of poor people. Even scarier is the fact that the industry is growing upward-- that is to say it started out taking advantage of the most desperate of the desperate and is working its way up to taking advantage of somewhat more affluent people. It seems destined to create a financial industry that services about 60 to 80 percent of the population in a very predatory way, while providing credit services to the wealthier segment of the population that makes borrowed money less expensive than one's own money.
We do not inherit the world from our parents. We borrow it from our children.
RE: Consumer Protection Bureau - an oxymoron
February 7, 2019 at 10:04 am
(This post was last modified: February 7, 2019 at 10:08 am by The Grand Nudger.)
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