And, now that the Government is finally starting to crack down on this, you would think they would back off a little, but just the opposite has happened. They have said arrogantly, “if you don’t let us exploit people, we can’t make an obscene profit for bonuses, so we will restrain credit, cut services and find new ways to cheat people.”

I think they have underestimated how pi$$ed off people are about this bailout and they are starting to trigger a whole series of reforms. I’m not one for heavy regulation, but it’s long overdue. The Government needs to reinstate the Glass-Steagal act and find a new way to enforce usury rates.
.-= Bret @ Hope to Prosper´s last blog ..How to Deal with Fraud =-.