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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJohn Oliver, Sarah Silverman Have Some Words For Payday Lenders. They Are Probably Bad Words, No?
http://wonkette.com/556763/john-oliver-sarah-silverman-have-some-words-for-payday-lenders-they-are-probably-bad-words-noJohn Oliver took on the obviously hilarious topic of payday lending on Sundays Last Week Tonight, and once again proved that its possible to do some really smart advocacy journalism in a comedy format and make it work almost as if he thinks that comedy can do more than just give us a cheap laugh or something. And with payday loan outlets more plentiful than either Starbucks or McDonalds, its probably worth looking at especially since payday loans are the financial equivalent of fast food, except you only pay for your McAnusBurger once or twice.
So watch this thing, and prepare to be amazed at the incredibly adaptive and creative ways the payday-loan biz has evolved to outsmart attempts to regulate it. For instance, in Arizona, the companies just started doing title loans so they could rip people off AND take their cars and in Ohio, they morphed into mortgage lenders, offering home mortgages for $400 or so. And of course in Texas, the industry has it figured out the people who regulate payday lenders all work in the payday loan industry. Talk about filling an evolutionary niche!
Also, Sarah Silverman stars in a counter-ad for the best possible alternative to taking out a payday loan: Literally Anything Else.
John Oliver took on the obviously hilarious topic of payday lending on Sundays Last Week Tonight, and once again proved that its possible to do some really smart advocacy journalism in a comedy format and make it work almost as if he thinks that comedy can do more than just give us a cheap laugh or something. And with payday loan outlets more plentiful than either Starbucks or McDonalds, its probably worth looking at especially since payday loans are the financial equivalent of fast food, except you only pay for your McAnusBurger once or twice.
So watch this thing, and prepare to be amazed at the incredibly adaptive and creative ways the payday-loan biz has evolved to outsmart attempts to regulate it. For instance, in Arizona, the companies just started doing title loans so they could rip people off AND take their cars and in Ohio, they morphed into mortgage lenders, offering home mortgages for $400 or so. And of course in Texas, the industry has it figured out the people who regulate payday lenders all work in the payday loan industry. Talk about filling an evolutionary niche!
Also, Sarah Silverman stars in a counter-ad for the best possible alternative to taking out a payday loan: Literally Anything Else.
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John Oliver, Sarah Silverman Have Some Words For Payday Lenders. They Are Probably Bad Words, No? (Original Post)
geardaddy
Aug 2014
OP
valerief
(53,235 posts)1. Bwah! Rick Perry's dingos.
geardaddy
(24,926 posts)2. These two are national treasures. n/t