Thom Hartmann vs Wayne Root - Payday lenders - necessary evil or loan sharks?

[thomhartmann]

Run time: 09:18 https://www.youtube.com/watch?v=cPimxcn0wEo   Posted on YouTube: March 09, 2010 By YouTube Member: thomhartmann Views on YouTube: 6   Posted on DU: March 09, 2010 By DU Member: thomhartmann Views on DU: 659

 
The Thom Hartmann Program can be heard daily M-F 12-3pm ET. Visit www.thomhartmann.com to listen live, join the community or purchase a podcast.

[izquierdista]

1. All libertarian arguments boiled down

"If it looks like chocolate pudding, and it has the consistency of chocolate pudding, and is in the refrigerator with chocolate pudding, then don't pay attention to your nose which tells you it is a bowl of baby shit."

[20score]

2. Very good debate. Thanks.

[Rozlee]

3. I took out two payday loans five years ago when I had been sick with a flare up of brain swelling

from a neurological condition I picked up in the Gulf War. Some crooks standing around the payday loan place got a hold of me and convinced me that they had just gotten back from Iraq and were losing their home, etc., etc.,. I collected all my disability paperwork from the VA and social security as proof of income and got $1,000 loans at two payday loan companies and gave the money to the poor "vets" and never saw them again. When those sharks wanted their money, my family had a fit. My son went to a lawyer. These payday idiots had seen my disability papers with the reason given for my disability as WAR RELATED NEUROLOGICAL CONDITION. I was incompetent at the time to take out a loan and the nimrods still gave me one!! The lawyer told us we didn't have to pay it back, but over the years, the sharks call me to try to collect and it appears on my credit periodically and I have to go to all these horrible time consuming lengths to get it off, and it never, ever ends.