Comments on: The taxpayer as a pay-day lender http://bearingdrift.com/2009/07/14/the-taxpayer-as-a-pay-day-lender/ Mon, 13 Feb 2012 04:30:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jonathan Jackson http://bearingdrift.com/2009/07/14/the-taxpayer-as-a-pay-day-lender/#comment-26726 Jonathan Jackson Wed, 27 Jan 2010 23:19:47 +0000 http://bearingdrift.com/?p=7569#comment-26726 Thanks very a ultra usefull site. You've helped me to make up my mind about payday loans. It perhaps interest you to know that I found an alternate site that agrees with what you're saying here. Thanks very a ultra usefull site. You’ve helped me to make up my mind about payday loans. It perhaps interest you to know that I found an alternate site that agrees with what you’re saying here.

]]> By: Brian Kirwin http://bearingdrift.com/2009/07/14/the-taxpayer-as-a-pay-day-lender/#comment-19288 Brian Kirwin Thu, 16 Jul 2009 14:14:39 +0000 http://bearingdrift.com/?p=7569#comment-19288 It's simply odd to see a Governor who has lambasted the payday loan industry so proudly announce he's getting into the business. It’s simply odd to see a Governor who has lambasted the payday loan industry so proudly announce he’s getting into the business.

]]> By: JR Hoeft http://bearingdrift.com/2009/07/14/the-taxpayer-as-a-pay-day-lender/#comment-19277 JR Hoeft Wed, 15 Jul 2009 17:16:42 +0000 http://bearingdrift.com/?p=7569#comment-19277 1) I based my post off of report in the MSM - so if you would like an apology, please feel free to contact the Richmond Times-Dispatch which wrote: "Virginia is getting into the emergency-loan business" 2) I will gladly correct the record after I have done some research...you all know that I am a big proponent of that sort of thing. I have never failed to ensure the right information is posted. 3) Most of the post still is valid. You are focusing on the narrow taxpayer angle and failing to see that - this is still government-advocated and government-driven - it doesn't correct the problem of employees needing short-term, high-interest loans - it still fleeces the loan recipient at 25%; yes, it's still lower than a pay-day loan, but it's still damn high. 4) It's always nice to be publicly called out by a friend instead of getting a friendly private email or phone call stating I might want to look closer at this subject. 1) I based my post off of report in the MSM – so if you would like an apology, please feel free to contact the Richmond Times-Dispatch which wrote: “Virginia is getting into the emergency-loan business”

2) I will gladly correct the record after I have done some research…you all know that I am a big proponent of that sort of thing. I have never failed to ensure the right information is posted.

3) Most of the post still is valid. You are focusing on the narrow taxpayer angle and failing to see that

– this is still government-advocated and government-driven
– it doesn’t correct the problem of employees needing short-term, high-interest loans
– it still fleeces the loan recipient at 25%; yes, it’s still lower than a pay-day loan, but it’s still damn high.

4) It’s always nice to be publicly called out by a friend instead of getting a friendly private email or phone call stating I might want to look closer at this subject.

]]> By: William Bailey http://bearingdrift.com/2009/07/14/the-taxpayer-as-a-pay-day-lender/#comment-19275 William Bailey Wed, 15 Jul 2009 16:06:53 +0000 http://bearingdrift.com/?p=7569#comment-19275 Can we get an "I'm sorry?" I guess sometimes you can't believe what you read in blogs... Can we get an “I’m sorry?” I guess sometimes you can’t believe what you read in blogs…

]]> By: truth in lending http://bearingdrift.com/2009/07/14/the-taxpayer-as-a-pay-day-lender/#comment-19269 truth in lending Wed, 15 Jul 2009 11:08:22 +0000 http://bearingdrift.com/?p=7569#comment-19269 I think this is using money donated by employees. The 25% interest rate is high but payday and car title lenders charge 350%. I think this is using money donated by employees. The 25% interest rate is high but payday and car title lenders charge 350%.

]]> By: I wish people could read « VIVIAN J. PAIGE | All Politics is Local http://bearingdrift.com/2009/07/14/the-taxpayer-as-a-pay-day-lender/#comment-19262 I wish people could read « VIVIAN J. PAIGE | All Politics is Local Tue, 14 Jul 2009 23:06:27 +0000 http://bearingdrift.com/?p=7569#comment-19262 [...] wish people could read I was about to respond to a post about the Governor’s plan to provide loans of up to $500 to state employees and then decided [...] [...] wish people could read I was about to respond to a post about the Governor’s plan to provide loans of up to $500 to state employees and then decided [...]

]]> By: blainetaylorsgrandma http://bearingdrift.com/2009/07/14/the-taxpayer-as-a-pay-day-lender/#comment-19260 blainetaylorsgrandma Tue, 14 Jul 2009 21:38:56 +0000 http://bearingdrift.com/?p=7569#comment-19260 hey I appreciate the post! You raise some great points that need to be addressed by our "governor" hey I appreciate the post!

You raise some great points that need to be addressed by our “governor”

]]> By: Amit http://bearingdrift.com/2009/07/14/the-taxpayer-as-a-pay-day-lender/#comment-19250 Amit Tue, 14 Jul 2009 16:37:27 +0000 http://bearingdrift.com/?p=7569#comment-19250 why wouldn't I just get another credit card at a lower interest rate? why wouldn’t I just get another credit card at a lower interest rate?

]]> By: kelley in virginia http://bearingdrift.com/2009/07/14/the-taxpayer-as-a-pay-day-lender/#comment-19248 kelley in virginia Tue, 14 Jul 2009 16:22:13 +0000 http://bearingdrift.com/?p=7569#comment-19248 this is better than a bailout. i am absolutely shocked he didn't offer that, after all, he is on his way out in a few months & doesn't care about the Commonwealth anyway. this is better than a bailout. i am absolutely shocked he didn’t offer that, after all, he is on his way out in a few months & doesn’t care about the Commonwealth anyway.

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