March 11, 2005

Loan Shark Protection Act Passes

I am not amused.

The new bankruptcy bill passed the Senate yesterday, ensuring hugely-profitable predatory lenders can continue their gluttonous ways with even higher profit margins. I usually support Republicans, but to be quite frank, the companies helped by this bill are often little more than legalized loan sharks.

I am very disappointed.

Update: Yes, I do note the irony of pimping Amazon's Visa while slamming credit card companies. Isn't irony wonderful?

Posted by Confederate Yankee at March 11, 2005 12:39 PM