John Oliver on Payday Loans

[truth2power]

14. In Ohio, commercial TV is infested with ads for car title loans...

It's always some sexy-looking black woman, shaking her booty, waving a bunch of cash around and talking some sort of jive-talk.

I don't mean to offend anyone here but that's the best way I can describe it.

Then they fade to some poor schlump who describes how he buys stuff from flea markets to sell at a profit, or something like that, and those friendly car-title people showed up just in time to offer him some money and, "I got to keep my car" he says. It's sickening.

Those car title people are predators. Pure and simple. And where is the ordinary citizen supposed to go for some protection against them. As Chris Hedges says, "Every lever of power has been corrupted".

I think it's Hedges who also says that during the Middle Ages speculators were hanged. If this were the Middle Ages, those car loan people would be drawn and quartered for their crimes.