[lbo-talk] "Pay day" loans exacerbate housing crisis

Eric rayrena at realtime.net
Mon Mar 31 23:03:04 PDT 2008



>CLEVELAND (Reuters) - As hundreds of thousands of American home owners fall
>behind on their mortgage payments, more people are turning to short-term
>loans with sky-high interest rates just to get by.
>http://www.reuters.com/article/domesticNews/idUSN1045663120080324?sp=true

Tonight during my local syndication of The Simpsons, they ran three ads for these vultures, two for payday loans and one for title loans. I take it as a sign of something that I've never seen that many ads during one 30-minute show.



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