Thursday, November 15, 2007

A modest proposal

A resounding BRAVO to the people behind this little beauty of an organization.

Dedicated to maximizing the utility of the "exciting, fast-growing demographic" known as the working poor, the Predatory Lending Association is truly fighting the good fight. I urge you all to sign up for their newsletter and contact your local politicians, to make sure North America's treasured payday loan businesses aren't lost forever. There are only 22,000 of them across the United States left, and they loaned out a mere $40-billion last year.

We're running out of time, here, people. If you're not part of the solution, you're part of the problem.

Be sure to check out the site's informative FAQ section:

Myth: The government should regulate predatory payday lenders.
Reality: Although it is true that our government regulates some free market activities such as prostitution and drug abuse, payday lending is fundamentally different because it is a financial service.

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