Quote:I can't help but laugh at how you bounce back and forth between corporate personhood. First they aren't people, then they don't exhibit loyalty, then they're greedy. You say they aren't people then point to how they act like people. Non-persons cannot be either loyal or greedy; those are traits of people, not institutions. 

 

And pay day loan businesses fill a very important gap in society. They provide money to people who couldn't otherwise obtain it. The high interest rates are because those people usually aren't credit worthy and because they have a very high default rate. Are you similarly opposed to used car lots that take weekly payments and charge 40% interest? Or do you just think business should assume all the risk without mechnisms to protect their profitability?

 

I can't help but laugh at how you cling to corporate personhood because 'they show greed'.  You sure love listening to the party line about corporations being people.  Because it fits what you want.  Corporations to have all the power.  Surprised you don't like Obama, since he's a crony capitalist.  Non-persons sure can be greedy.  Dogs for example can be greedy, and they're not people.  Dogs can also be loyal.  But dogs aren't people now, are they?


Pay Day Loan businesses don't just charge 40% interest.  They average pay day loan interest rate is between 391 and 521 percent.  Government has tried to reasonably regulate the industry, but they haven't been able to because they always find a way around it.  Is it not a conflict of interest for someone who is VP of a pay day loan company to be part of the regulation process?  

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