GameboyRMH said:Comparing his sentence to Bernie Madoff's, apparently damaging about 51 thousand rich people's stock portfoilios for personal gain is almost 10x worse than grinding 3 million poor people far deeper into poverty for personal gain.
I’ve always felt they were a bit too hard on Madoff.
RevRico said:In reply to Adrian_Thompson :
With regards to off topic post number 2, the Post Office has expressed an interest in being allowed to do low rate payday style loans. They need the money, and already exist where everyone lives, and with so many people upset about this Walker character and the native payday lenders charging over 100%, it may possibly come to fruition.
The payday industry will lobby Congress to make sure this never happens.
At the end of the day when it comes to predatory lending there is a huge gulf between what is legal and moral. I often get really angry when any politician says they love children. Their entire economic model is built on the backs of children that can’t vote and aren’t even born. Congress is a far more of a predatory lender than Madoff and Bernie makes Tucker seem like a nice guy that went awry and got greedy.
The entire economy is based on predatory lending.
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