Published: Saturday, Jan. 18 2014 12:00 a.m. MST
Well. Perhaps a trifle hyperbolic? Though, to be fair, not entirely without
Robert,The problem comes from the mentality that1)
business will do the right thing if left completely alone2) campaign
contributions and lobby money don't affect legislationAnd
number 2 is by far the largest problem. Google open secrets and look at payday
lenders.Business is way smarter than government. Does anyone
seriously think that their $$ are not buying favorable legislation? This is not a partisan issue as both parties are happy to take the payoff.
Somehow, in the recent glorification of all things business, we have started to
see Americans, not as people, but as prey. A perfect example are the legalized
loan sharks we call "Payday Lenders".One of our disabled
tenants got his checking bank account cleaned out by the banking bottom feeders
and then suffered the pain of bounced checked, and fees that were charged by his
regular bank.Utah should show it moral stripes and join the 12 other
states that have banned "payday lenders" completely!
The Bible expressly prohibits the types of activities that payday lenders engage
in. Where are the people who are always telling us to follow the Bible? I
certainly hear them in the gay marriage debate. Why not this one?
Not quite. Not all politicians haven't turned a blind eye - many of them
are in bed with this stuff.
It's far from being limited to payday lenders. I grew up with
a current owner of a string of payday lender "businesses", and trust me,
they view the whole situation as just the freedom of two parties to engage in
business together. And, who can argue with freedom?But
if you navigate up the economic scale, we're now numb to the unconscionable
compensation of CEOs who lay off thousands, temporarily boost the stock price of
their companies, and arrange "golden parachutes" for themselves if times
ever get tough. The stories of CEOs who run companies into the ground while
getting paid $25 Million for the gesture is as common as the latest scores from
the NBA. Really, nothing new.Moving up from grotesquely overpaid
CEOs are the financier class who have no qualms about raking in obscene truly
amounts of money from moving companies between nations, disrupting the lives of
thousands, and looking the other way while making enormous sums of money from
slave-labor manufacturing."Hey, it's just the free market
at work!"And people wonder why levels of trust between people
are at all time lows.
How many of Utah's legislators actually have financial interests in loan
shark businesses?And two of our former Attorney Generals? There's sludge at the bottom of our governmental pond and scum at the
top.But we're all supposed to trust them. Right?
I have always noted that the shadiest of society prey on the vulnerable, the
uneducated, the victim class. They're injury lawyers, bankruptcy outfits,
payday and title loan places. All with plenty of big ads promising easy cash and
dodged responsibility. It's sad. I noticed that the pope recently spoke out
against the predatory practices of unrestrained capitalism; he was branded a
marxist for his efforts. Nothing's going to change anytime soon.
If it weren't for hypocrites, churches would be empty.
The letter writer acts as if people are dragged kicking and screaming into these
places of business, then forced to take out loans. The difference between
stupidity and genius is the fact that genius has its limits.I see
this letter as more propaganda to bestow victim hood on another group of people.
The one guy that tried to stand up to them was Rep. Daw from Orem.
Unfortunately "anonymous" donors suddenly started sending mailers out to
the residents with half truths about Rep. Daw. He lost the election.I'm hoping he comes back and runs the bill again.
Remember the past experience of the Chair of the Utah Republican Party and his
affiliation with the payday lending usury crowd. As reported in Wikipedia,
" He owns a payday lending franchise, Checkline."Don't hope for progress with the leader of the party an owner of a payday
The LDS Church sends millions of dollars of medications, wheelchairs, clothing,
and food to the poor all over the world. It contributes thousands of hours of
volunteer service on a regular basis. The letter writer is blind to the good
done by this organization.
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