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Never Send A Republican, To Do The Job....

Discussion in 'U.S. Politics' started by Mr. Shaman, May 12, 2009.

  1. Mr. Shaman

    Mr. Shaman New Member

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    ....a WOMAN can do!!

    :p

    Cleanin'-up, after BUSHCO, requires competency. (January 31, 2008)

    ****

    Our Credit-Economy

     
  2. Andy

    Andy Well-Known Member

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    Although I actually support reigning in credit, I hope people understand that in doing so, availible credit will be reduced. The reason lending company have such high insterest rates is specifically because there is higher risk of default. When you legislate the interest rates that a bank or lender can charge, you will inherently reduce the amount of risk a lender is willing to take on.

    The result will be that fewer people will get loans. In Ohio, we recently passed a new lower max interest rate that can be charged, and of course several pay day loan places, and Check Smart places have closed. Now I'm perfectly fine with this. I hate Check Smart and Payday Loan sharks.

    But it's always funny to see people crying about the need for more low income loans, and then enact policies that hinder them.
     
  3. Mr. Shaman

    Mr. Shaman New Member

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    Well......that's the common-rhetoric, anyhow.........​
     
  4. Mr. Shaman

    Mr. Shaman New Member

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    Lemme guess......that's another bank sob-story....right?​

     
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