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Political Discussion
Reply to "Vance vs Harris"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So Vance is supportive of mafia loansharking [twitter]https://x.com/sandeepvaheesan/status/1813009684040651017[/twitter] That is "helping the little guy" (not)[/quote] Dishonest editing. Further down in that passage he explains without the payday lenders he would have had to resort to mafia loansharks.[/quote] Financial consumer protection laws and rules are very difficult to do well. Most things done to protect consumers also tend to limit credit availability for them. Vance presents a valid point here that many consumer advocates prefer to ignore.[/quote] So the payday lender and pawnshop defense isn’t to protect usurers, it’s to ensure the availability of usury as a service to exploit desperate poor people. JFC. You guys are something. [/quote]
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