Elizabeth Warren created a model for a Consumer Financial Protection Bureau to protect the rights of consumers against payday lenders and other consumer abuse by Wall $treet BankSters and corporate thugs who hate regulation for exactly the same reason thugs on the street hate cops.
Her recommendations were incorporated into the Dodd-Frank reforms to prevent a repeat of the Bush economic meltdown of 2008. RepubliCONs rejected her as the head of the agency she had proposed, so she ran for U.S. Senate, easily won, and is now considered a top contender to unseat the unelected “president” Trump in 2020 if she is willing to run.
Now the TrumpubliCON Wall $treet Bank$ters are doing everything in their power to try to undermine, weaken and dismantle the minimal reforms that were able to get passed in Dodd Frank, which needs to be strengthened, not weakened.
When I was in the service, my unit had a “flower fund”. It was set up to loan people money if they needed it badly. We all had a share. The interest rate was 10% each pay period, which was 2 weeks. One day someone wanted to borrow $250 and he said he would pay back $25 a pay day. It took us 2 hours to explain to him that he would never pay off the loan. He just couldn’t get it. Minimum payments are Credit Cards are just as bad.
Templo S.U.D. over 5 years ago
un tonto nace cada minuto (a doofus is born every minute)
DD Wiz Premium Member over 5 years ago
Elizabeth Warren created a model for a Consumer Financial Protection Bureau to protect the rights of consumers against payday lenders and other consumer abuse by Wall $treet BankSters and corporate thugs who hate regulation for exactly the same reason thugs on the street hate cops.
Her recommendations were incorporated into the Dodd-Frank reforms to prevent a repeat of the Bush economic meltdown of 2008. RepubliCONs rejected her as the head of the agency she had proposed, so she ran for U.S. Senate, easily won, and is now considered a top contender to unseat the unelected “president” Trump in 2020 if she is willing to run.
Now the TrumpubliCON Wall $treet Bank$ters are doing everything in their power to try to undermine, weaken and dismantle the minimal reforms that were able to get passed in Dodd Frank, which needs to be strengthened, not weakened.
NeedaChuckle Premium Member over 5 years ago
When I was in the service, my unit had a “flower fund”. It was set up to loan people money if they needed it badly. We all had a share. The interest rate was 10% each pay period, which was 2 weeks. One day someone wanted to borrow $250 and he said he would pay back $25 a pay day. It took us 2 hours to explain to him that he would never pay off the loan. He just couldn’t get it. Minimum payments are Credit Cards are just as bad.
gopher gofer over 5 years ago
⇧ and you would know all about tonto, eh, templo….?
kaffekup over 5 years ago
Congratulations, Eddie, you already owe the loan plus another thousand.