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mojowork_n

(2,354 posts)
6. Pay Day Loans is Penny Ante Usury
Tue Oct 23, 2012, 04:49 PM
Oct 2012

They were well-organized and they made lavish and generous donations to legislators
like Kleefisch, or Grothman or Vukmir. (I don't know, I haven't looked it up.)

But what's 30 or 40 or 50 bucks a pop -- even if it is 500 or 700 percent A.P.R. -- on 2 or 3
hundred dollar loans?

For totally shameless profiteering you gotta look at the Daddy Warbucks contractors that
make a killing privatizing services to the military (that used to be done by G.I.'s), or the
worst:

Rmoney's boys making 3,000 percent (plus) on the Delphi bail-out:

http://www.thenation.com/article/170644/mitt-romneys-bailout-bonanza

Couldn't believe the President didn't mention that last night when they were talking about China,
jobs and "keeping America strong."

Or for that matter, the same vulture, Paul Singer (Elliott Management) holding up the Greek
bailout because he wanted to be paid first.



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