|Legalized loan sharking?|
Do you realize that pay day lenders have made tons of money by charging ridiculous interest rates on poor people? Well, not just poor people, but people in desperate financial situations. 29%+ interest rates cause short term loans to roll over an average of eight or nine times before the loan is actually paid off.
In my state of Mississippi, $267 million dollars was collected in annual fees with the highest annual-percentage rates charged reaching 574% (tied with Wisconsin).
Maybe it’s nothing you’ve done before, but in the inner cities, these places set up shop like Venus fly traps to prey on the financially desperate and uneducated. To top it off, the government approves of it. We’ll discuss why this is allowed.
Also on the show: is it time that we designate pit bull ownership in a different way? A majority of dog attacks in this country are usually with pit bulls. Is it time to really hit owners with stiff penalties when they lose control of their animals?
|Is it time to disband ownership of these animals?|
Show No. 258