Thanks for Commenting
Mario, you are absolutely right about the need to educate. Well done; well written. jack love
This is truly some amazing stuff. I guess in Mario's world, all limits on industry are untenable. Businesses should be allowed to peddle whatever product they can get to market. There was no market for refund anticipation loans not long ago and your belief that "people are not driven to a RAL decision by marketing, they are driven by the need for money" forgets that marketing provides the option behind the decision.
It seems that Mr. Burgos would believe that the automobile industry should not be required to meet any specs on their vehicles and the market would have sole responsibility for governing itself. So long seatbelts, so long safety. A very convenient, easy answer to everything.
It's this libertarian-by-convenience selfishness that is breaking apart our communities in the US.
Bravo Senator Bingaman and others for taking on the loan industry. Keep it up.
I'll stop writing, I'm probably encouraging you. . .
I do believe the banking industry to be the current favorite of the Bush administration to be recipients of corporate welfare. My understanding of the RAL proposal is to facilitate the use of elctronic Fund transfers to lower income folk (and yes, education alone is often the most empowering) to alleviate the market for the high interest loans based on anitipated (AKA as accrued, or account receivable) funds.
Bravo. What would serve them even better is electronic filing, with the refund being electronically transfered.
Commenting by HaloScan
