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i_like_my_dog_more t1_jde4cg2 wrote

High cost lender? A.k.a. a payday loan shark?

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Due_Platypus_3913 t1_jdf7n3f wrote

Legalized and licensed “usury”. Thanks W!You really showed them tu’rists with this one.I’m old enough to remember when there was no”check into cash” and “payday loans”!It was before the “Patriot Act”.

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Gingerbread-Cake t1_jdj98ao wrote

These things existed in the United States well before the patriot act. I cashed a check at one in Las Cruces NM while driving across the country in 95’, for example.

I am not defending the patriot act, here; I think it is very important not to assign blame for things all Willy-nilly, though, and the spread of payday loans had way more to do with the steady degradation of working class incomes than any specific legislation.

These predators used to be seen mostly in poor urban neighborhoods, but flat incomes and rising expenses have allowed them to flourish everywhere. State laws play a role as well, I am sure.

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Due_Platypus_3913 t1_jdjhjc8 wrote

Never saw or heard of any of those previously.Most of the “Patriot Act” has NOTHING To Do with 9/11, or even National security.Every piece of “fuck the working folk sideways “ideas they had stacked up,but could never even say them out loud.It was all jammed together,and a vote was called before ANY REPS could even possibly read it.W said ,on TV,”A no vote makes you a t’rist sympathizer!”That,and”Citizens United “have had America in a downward spiral ever since.

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Gingerbread-Cake t1_jdk0yd0 wrote

Oh, I remember that shit, all right. All my Republican friends were gung ho for it, shit talking about a “war of civilizations” and other such thought-stopping nonsense. My Democrat friends were mostly for it, also, but less emphatic about it.

I saw 9/11 as a bully getting punched in the nose (no offense to anyone who lost someone there, I’m talking geopolitics, not personal) and was a little surprised that view wasn’t voiced more often.

The patriot act should have been repealed wholesale years ago, but no, the “border” of the U.S. still extends way inland, the expanded surveillance powers still hold up, there’s still secret courts etc etc etc.

That’s a lot of words to say that I’m 100% in agreement with you, just persnickety about historic details.

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313378008135 t1_jdegbbe wrote

not just any old payday loan shark, but a payday loan shark that doubled down - having a guarantor to take to the cleaners if you didn't pay up (your "amigo" with good credit promised to pay if you didn't).

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Due_Platypus_3913 t1_jdf7vp3 wrote

Loan-sharking without mob collection practices?Who could have foreseen failure?

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