On the Defense of Parasitic Finance

[Justin Schwartz]

And all I thought I was doing was helping the judge to enforce the Fair Debt 
Collection Practices Act disclosure provisions (and those of Regulation Z). 
That'll show me! But what it'll show me, who knows. As you can see if you 
look at the opinions, especially the second one, granting summary judgment, 
the lender's disclosures violated the letter of the law read in a strict, 
narrow, and literal sense.--jks


>
>Just thought I'd mention a case I drafted for my judge, Van Jackson v. 
>Check
>N Go (N.D. Ill. 2000) sticking a payday lender (500+% per annum interest)
>with a $50m judgment for violating a federal credit disclosure statute.
>We'll see if the 7th Cir. affirms, but I thought it was slam dunk. --jks
>
>
>
>My god, don't you realize you were attacking
>the whole capitalist system and you couldn't
>possibly have won.  Or if you won, you really
>lost because you deluded other people into
>thinking they could win.  In other words, you
>can't win for losing.
>
>mbs
>

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