Quote:Regulation that only benefits business is bad.  Corporate America has become so entrenched in our society that our politicians often serve the interests of big business over the interests of people.  Even if Corporations were people, none of them have any loyalty to the United States.  Their loyalty is only to the color green.  Corporations aren't evil.  But they're greedy.  And they often do things that hurt the interests of your average person.


Take for example the pay day loan industry.  They have absurdly high interest rates, and prey on those who truly need help.  Some of the most disadvantaged in society.  Some politicians have tried regulating them, but they always find ways around the regulation.  In some of the most absurd ways.  And in some places they're regulated by people who are making money from them!  And according to those same people, it's not a conflict of interest.  That's absurd imo.

 

I used payday loans for a while when I was rebuilding my credit. The interest rate is over a year period if you take that loan out every paycheck for a year that's what you'll pay otherwise it's a fixed fee. When I borrowed 200 it was a $25 fee due in two weeks (the next paycheck) + a $5 state fee so $200 cost me $230 in two weeks.

 

Honestly the payday loans where very reasonable compared to going late on rent or having the water shut off ect..... Now if you defaulted that's a different story.

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