Democrat Giving Boost To Payday Lenders


DURING THE 2016 ELECTION, THE
DEMOCRATIC PARTY WAS ACCUSED TIME AND TIME AGAIN OF BEING
ELITIST AND NOT SERVING THE BEST INTERESTS OF ITS CONSTITUENTS
AND THOSE ON THE LEFT AND SOME ON THE LEFT WERE INCREDIBLY
PUZZLED BY THOSE ACCUSATIONS BUT MARK WARNER AND HIS RECENT
ACTIONS IS THE PERFECT REASON WHY IT SEEMS LIKE A SOME
ESTABLISHMENT DEMOCRATS HAVE NO INTEREST IN LOOKING INTO THE
BEST INTEREST OF THE AMERICAN PEOPLE AND ACTUALLY
WANT TO LOOK OUT FOR THOSE WHO WANT TO DO PREDATORY
LENDING. FOR THOSE WHO ARE UNFAMILIAR
WITH PAYDAY LENDERS, THEY’VE GOT A LOT OF FLAK IN RECENT YEARS
OVER THE INTEREST RATE THAT THEY TACK ONTO THESE PAYDAY LOANS AND
THEIR SHORT-TERM LOANS THAT OFTENTIMES WHAT HAPPENS IS
PEOPLE CAN’T CATCH UP WITH THEM SO THEY KEEP TAKING OUT MORE AND
IN SOME CASES, THE INTEREST RATE THAT IS TACKED ON CAN BE UP TO
400% SO THE REFERENCE BY THE CONSUMER PROTECTION BUREAU TO
REGULATE THESE TYPES OF PAYDAY LOANS SO IT WOULD The INTEREST
RATE THE SAME INTEREST RATE THAT IS LAWFUL IN ANY GIVEN STATE
THAT THIS COMPANY OPERATES IN. LET’S GIVE YOU THE DETAILS ON
WHAT MARK WARNER WANTS TO DO. NATIONAL BANKS DEAL WITH SOME
REGULATION BUT IT IS MUCH MORE LAX WHEN IT COMES TO THE ISSUE
OF INTEREST RATES SO WHEN THESE PAYDAY LENDERS REALIZE THAT THEY
REALIZE THAT HEY, IF THEY CAN JUST WORK WITH THE NATIONAL
BANK, THE NATIONAL BANK CAN GIVE OUT THAT LOAN INITIALLY AND
THEN IMMEDIATELY SELL IT OFF TO US AND THEY GET A
COMMISSION, WE GET A MONEY, WE GET THE HIGH INTEREST RATE. IT WAS JUST A SCHEME. IS COME LOCATED, BUT I WANT
TO EXPLAIN JUST A TINY BIT MORE. IF YOU ARE JUST WORKING
WITHIN THE STATE, THEY CAN REGULATE YOU AND LIMIT YOU TO
36% INTEREST RATE WHICH IS WHAT MOST
STATES DO. 36% INTEREST RATE IS STILL
GIGANTIC, OKAY BUT OKAY, FINE. AT LEAST IT IS CAPPED BUT THEY
FOUND A LOOPHOLE. THE LOOPHOLE WAS, IF I AM NOT
GIVING IT ALONE BUT A NATIONAL BANK FROM A DIFFERENT STATE THAN
THIS ONE IS GIVING IT, THEN THEY ARE NOT SUBJECT TO THE STATE LAW
SO TECHNICALLY THE BANK IS GIVING YOU THE LOAN AND THEN
CONVERTING IT AS AN UNEXPLAINED WHICH ALLOWS THEM TO CHARGE
INTEREST RATES UP TO 380%. NOW MARK WARNER, I’M GONNA GIVE
THEM WAY TOO MUCH BENEFIT OF THE DOUBT HERE. I THINK HE GENUINELY BELIEVES
THAT HE IS TRYING TO STIMULATE BUSINESS. IT DOESN’T HURT THAT THEY ARE
STIMULATING HIS CAMPAIGN CONTRIBUTIONS AND THAT IS
USUALLY HOW IT WORKS IN A PORN A LOT OF MONEY TO HIM AND TO OTHER
DEMOCRATIC SENATORS BUT THEY GET THEMSELVES TO BELIEVE, NO,
ESPECIALLY SILICON VALLEY GUYS. THIS DICTATED NEW COMPANIES THAT
ARE GONNA DO THIS AND THEY NEED ACCESS ACROSS THE STATES BUT IN
REALITY, NO, THEY ARE USING THE SAME LOOPHOLE TO BUILD A CHURCH
380% INTEREST SO MARK WARNER INTRODUCES IT AND PAINTS IT AS
HE IS PROTECTING YOUR ACCESS TO CREDIT KNOW, YOU HAVE ACCESS TO
CREDIT EITHER WAY UNDER ONE CIRCUMSTANCE THEY STILL CHARGE A
HUGE INTEREST RATE OF 36% ON THE OTHER ONE THEY ARE CHARGING YOU
A RATE THAT IS SO HIGH THAT IT GETS YOU INTO A CYCLE OF POVERTY
AND TO GIVE YOU A SENSE OF HOW BAD IT IS ACCORDING TO PEW, A
TYPICAL CUSTOMERS KEEP ON REALLY OVER THE PAYDAYS BECAUSE
IT’S SUCH A BIG FEE THAT THEY ARE CHARGED UP PEOPLE TO
HAVE A LOT OF MONEY. PEOPLE IN WASHINGTON AND NEW
YORK, IT IS UNFAIR TO SAY THEY THINK IT IS A JOKE. THEY’RE JUST NOT FAMILIAR WITH
IT. THEY CAN’T COMPREHEND THAT YOU
KNOW THAT FOR ABOUT THREE QUARTERS OF AMERICANS, THEY
COULD NOT WITHSTAND A $700 BLOW TO THEIR FINANCES. ONE PAYCHECK AWAY FROM BEING
IN A SIGNIFICANT FINANCIAL PROBLEM AND SO FOR THEM,
BORROWING FOR EXAMPLE $375, THEY WIND UP HAVING TO PAY A $55
FEE. SO IF YOU’RE RICH AND YOU ARE IN
WASHINGTON YOU ARE LIKE $55, WAS A BIG DEAL QUESTION BUT THAT IS
ONLY FOR A COUPLE WEEKSÖ AND SUBBING 380% IN THE CAMPAIGN
THAT BACK BECAUSE THEY KEEP RUNNING AFTER US AND FOR THE
TYPICAL CONSUMER THAT DOES THAT KIND OF LOAN, THE FEE WINDS UP
AT THE END BEING $520 WHEN THE ORIGINAL LOAN WAS ONLY $375 SO
THE LOAN THAT THEY HAVE TO PAY BACK, THE INTEREST AFTER PAYBACK
IS MORE THAN WHAT THEY ORIGINALLY BORROWED AND THIS
IS WHAT KEEPS PEOPLE IN A CYCLE OF POVERTY. THAT IS WHAT THEY WANTED TO
REGULATION ON THIS AND INSTEAD, HE PROPOSES THE
OPPOSITE. HE WANTS TO ESSENTIALLY PULLBACK
REGULATIONS OR DEREGULATE THIS INDUSTRY FURTHER AND KEEP IN
MIND THAT THIS IS SOMETHING THAT IS LIKELY TO PASS BECAUSE ONE,
THE MEDIA IS NOT ON THIS AT ALL. I WANT TO GIVE ZACH CARTER AT
THE HUFFINGTON POST CREDIT FOR REPORTING ON THIS BECAUSE THIS
WASN’T ON ANYONE’S RADAR AND REMEMBER, THE FIRST PROPOSAL
WAS BACK IN JULY. IT IS LIKELY TO PASS BECAUSE IT
HAS BIPARTISAN SUPPORT SO THERE ARE CORPORATIST DEMOCRATS
THAT ARE IN FAVOR OF THIS. LET ME GIVE YOU THE DETAILS
ON THAT. THESE ARE GUYS WHO CONSISTENTLY
SELL OUT TO THE FINANCIAL INDUSTRY. SINCERELY ARE POINT WHERE, YOU
WERE TRYING TO BE FAIR AND GIVE THEM THE BENEFIT OF THE DOUBT. I AM NOT BUYING THAT. HE KNOWS WHO HE IS WORKING WITH
AND TO THINK, MAYBE HE REALLY IS TRYING TO STIMULATE BUSINESS AND
HELP PEOPLE OUT. NO. 400% INTEREST RATES ON PAYDAY
LOANS. HOW DOES THAT STIMULATE, IT’S
THE MILLIONS BUSINESS FOR THESE PAYDAY LENDERS. IT
CERTAINLY DOESN’T HELP THE AMERICAN PEOPLE. DON’T GET ME WRONG. HE GETS HIMSELF TO BELIEVE THOSE
PRETTY LITTLE LIES. THE REALITY IS THIS IS HOW THEY
ROB YOU IN THE MIDDLE OF THE NIGHT BECAUSE WHILE YOU ARE
LOOKING AT TRUMPS TWEETS AND THE BIG PLANS OF THE REPUBLICANS
TO DO XYZ, ALL THE SUN WE HAVE BIPARTISANSHIP ON AN ISSUE WHERE
THE BANKS WIN AND YOU LOSE. WOW, FUNNY HOW THAT HAPPENED. ONE OF THE OTHER PEOPLE
SUPPORTING THE BILL IS ARCHCONSERVATIVE PATRICK
MCHENRY. SOMEHOW ARCH REPUBLICANS AND
DEMOCRATS A GRANITE BUILDER YOU PAY ALL THE MONEY WHERE SOME
OF THE MORE SOPHISTICATED VERSION OF SILICON VALLEY GET
RICH. LOOK, I THINK THE BIG TAKE
AWAY FROM THIS, ASIDE FROM A REALLY TERRIBLE POLICY
PROPOSAL IS THE FACT THAT YOU HAVE MEMBERS OF THE
DEMOCRATIC PARTY WHO DON’T UNDERSTAND WHY VOTERS FEEL LIKE
THEY WERE ABANDONED BY THEM. THIS IS WHY. YOU THINK PEOPLE ARE STUPID? YOU THINK PEOPLE DON’T KNOW
QUESTION YOU THINK PEOPLE ARE DEALING WITH TERRIBLE
ECONOMIC SITUATIONS THAT YOU ARE ADDRESSING PROPERLY? THAT YOU ARE ACTUALLY TAKING
COUNTERPRODUCTIVE MEASURES AGAINST? COME ON. IT IS PATHETIC AND THEY ARE SO
DEFIANT ABOUT HOW FAR REMOVED THEY ARE FROM THE ACTUAL
STRUGGLES OF AVERAGE AMERICANS. BY THE WAY, IT IS NOT LIKE
THEY DIDN’T KNOW BECAUSE AMERICANS ARE FINANCIAL REFORM,
THE NAACP, THE SOUTHERN POVERTY LAW CENTER ALL WROTE LETTERS ALL
THESE DEMOCRATS SAYING DON’T DO IT. THIS AND TRAPS PEOPLE INTO THE
CYCLE OF POVERTY. THIS IS A TERRIBLE PIECE OF
LEGISLATION AND THE CORPORATE DEMOCRATS LOOKED AT
AND WENT YES, BUT YOU ARE NOT OUR DONORS AND THEN THEY GO
WAY, WE’RE LIBERALS. WHY ARE PEOPLE FRUSTRATED WITH
ESTABLISHMENT DEMOCRATS? THIS IS WHY. IT IS A SYSTEM OF CORRUPTION. IT IS BUILT ON CORRUPTION. PRIVATE FINANCING LEADS TO THEM
WORKING FOR PRIVATE INTERESTS. IT IS WAY PAST TIME THAT THEY
WORK FOR A PUBLIC INTEREST.

100 comments on “Democrat Giving Boost To Payday Lenders”

  1. Troy V says:

    People do not need to use predatory lenders. It is a choice they make. Just like people who do not need opioid addiction, it is a choice they make to self destruct. Mark Warner is a scum bag who doesn't give a shit about the average Joe. He's a career politician putting in his time to reap the benefits for when he leaves office. They all do.

  2. pyledog says:

    See folks, your parties are one in the same.

  3. Vic HN says:

    with the midterm is looming, we see more and more republican bots, goons, sock puppets trying the divide and conquer narratives.

    Replace the corrupt corporate democrats with Justice Democrats, NOT with the lunatic republicans.

    they trying so hard at least to make you indifferent so you don't use your rights to vote and let the lunatics steal the election again. you don't want that. unlike the sane people, the brainwashed lunatics unite against everything and everyone they hate. they are minority but they will succeed stealing the election because of your indifference.

    the priority is to vote out those lunatics first whilst keep working replacing the corrupt democrats. get rid those lunatics from the house and senate first then it will be easier to press the corrupt democrats out of the way. easier doesn't equal easy, it will be really hard. but the first step is to vote out the republicans. don't let the lunatics fool you again.

  4. Jeremy Biggs says:

    the government knows whats best for you. always and forever

  5. bex evans says:

    The worst part is people who take out these loans know they're being screwed, they know the cycle they are getting themselves into. Sadly for a lot of people it's a case of do i eat this month or get medication do i buy gas or buy the kids a winter coat or school shoes? These politicians have no idea they think you get into this state to upgrade your phone or buy the latest Jordans.

  6. Randy H says:

    I hope now people are waking up and starting to see it. It’s time to clean house in congress and get these career politicians out of there. If they aren’t genuine progressives, they are not serving your best interests.

  7. Gregory Samuel Teo says:

    the root of this problem is the abysmal education system in the US.

    if americans could math, they wouldn't get so easily duped by such a shitty deal. bad math + materialist consumerism = bad loans. even the lenders themselves are so greedy that they can't even moderate their insane rates a little to appear less suspicious. and so few of these finance guys seem to understand that they're still low on the food chain, and doing something that could implode the economy would come back and bite them in the ass sooner or later.

  8. None Ya says:

    Don't u mean Mafia Loans?

  9. None Ya says:

    Wolves in sheeps clothing!

  10. None Ya says:

    Republicans running as Democrats. Wolves in sheep's clothing!

  11. Steve Sand says:

    Lol if I'm Ana (who just explained it perfectly) I gotta get a Lilly's annoyed when cenk is like " let me explain mi a little more" but then just re-explains it

  12. Eddie Brock says:

    All these predators should be banned. Or force a cap for how long they can charge interest and how much interest than can charge.

  13. Kathleen Smith old white woman says:

    Reagan's budget just said on Fox that the tax bill has no substance and is only a cut for the rich.

  14. Gouky says:

    Democratic voter is too stupid to know if he can afford a load or not …

  15. MARKIE GREEN says:

    Vote all Corporate Dems out of office

  16. wild zubat appeared says:

    I rather kill my self the take a payday loan

  17. Ausie Thompson says:

    Hope the people who vote for him stop think he's not for you Democrats 😢😢

  18. Ake Hilding says:

    Why do you never hear about a plumber charging some rich guy 10 Million dollars for an hour of work? I guess it's regulated.

  19. INF Flux says:

    They do what they are payed to do. We need a replacement party

  20. Osiris Malkovich says:

    How is this not universally recognized as evil?

  21. Pat Pezzi says:

    So, in America if you grease legilators enough any criminal activity gets legalized.

  22. Hentie Dj says:

    I know people who either have to work 3 jobs and never sleep or sell drugs and work one

  23. Rata 4U says:

    In Canada we are putting in legislation that caps political donations. In ine province the limit is $170. Soon after each party will be permitted to spend more than a set amount for political ads.

  24. kevin s says:

    Guess what. Requiring significant reductions in payday rates means fewer lenders will make such loans. Meaning less folks will have access to credit. Most folks who use payday loans cannot get credit anywhere else. TYT would take away the only option available to many. Nice position for a bunch of rich liberals to take….

  25. DaNuDa says:

    Do they force people to borrow money from them? Whose fault is that these people are broke payday loan companies,?

  26. DaNuDa says:

    WTF I m a millionaire and drive a $10,000 car because pay almost $1,000 a month for medical insurance but my employee pays nothing and drives a better car.

  27. Dominic Finch says:

    In this video, Cenk stated that in US using this "scheme" the banks could charge up to 380% APR… unfortunately for the UK, payday lenders don't even need to guise of a scheme and typically charge ~1700% APR and AFAIK there is no cap on how much they can charge…

  28. Okoboji says:

    It should be called The Consumer Access to Bad Credit Act. The Mafia doesn’t charge interest rates as high as Payday Loan establishments.

  29. Marc E says:

    There is a reason those payday lenders are banned from anywhere near a military base.

  30. heavyarms55 says:

    You are being WAY too kind. It's not that the rich don't understand, it is that they don't care. They will just say "you shouldn't have taken a loan, tough shit". It simply doesn't matter to them that you needed that loan or you'd not be able to feed your kids.

  31. Eguzzisme says:

    Those payday lenders are sharks. Once you get one, it’s almost impossible to get out of them. We had to get one for an emergency, and we never got out from under it, until we got our tax return. We told them to cancel our account. Many people don’t quite understand how they work, and why you can’t get from under them.

  32. MIKAEL S1 says:

    The people who go to these places for loans fool themselves into thinking they can somehow catchup. These so called businesses/crooks know once they snag anyone who walks into the door will never be able to pay the money back. How they are even allowed to operate this so called business says volumes.

  33. star says:

    when i was young and broke and fresh out of college, i used use this loan company that would give me 200 bucks…but i had a week to give them 277 dollars (200 bucks plus the 77 bucks in interest)….if it takes two weeks to pay them back…. thats 200+77+77….those were the gloomy days in my life…my 20s….lol

  34. Pete The Pict says:

    Ana is on for just now. Warner is a douche.

  35. Patsy Sadowski says:

    This is the 3rd badly researched clip in a week. Most loans, no matter how bad are cheaper than overdraft fees. 40 % Apr on 100 borrowed for 15 days is around 12 dollars. In the UK you can't take new loan straight after and you can't keep charging interest if a default payment agreement is made.

  36. fucky youp says:

    guys   go get them

  37. Charlie says:

    Pay day loans are not terrible. They are a tool if you use it like that. Education is the key. I have taken out two in my life and paid it back immediately thus my fees were low. People living beyond thier means are the problem here. I work three jobs so that I can provide my family with enough money to thrive. I don't like it, but we are living within our means and are able to save enough to have a down payment for a house so I can only work two jobs. Again, I hate that I have to work so much, but payday lenders are not to blame for that. They make very high risk, very short term loans and the interest rate reflects that.

  38. M K says:

    What about personal responsiblity. The people borrowing the money know what they are getting into, how about not borrowing money if you can't pay it back.

  39. Consider This says:

    How sweet, TYT believes that the people in DC don't understand the situation. Sorry TYT, you're bull shitting for the establishment, which makes you part of the problem, not part of the solution.

  40. ? says:

    They just legalized loansharking ha ha

  41. cheeto p says:

    Don't forget about bail bond companies they do the same shit except that's it's for a bigger amount of dollars

  42. JJSC says:

    Otherwise known as a "Wassermann-Schultz"…..

  43. MrCitalo says:

    even the MAFIA charche  you only 5% a  week…LoL…

  44. Naps And Snacks Rule says:

    Mafia Nation

  45. evil Duck says:

    400% interest.? Sounds reasonable…Now give me 1.000.000

  46. Barton Heath says:

    Why don't you just say Banks? That is just their disguise.
    They are not credit card companies, they are not payday lenders they are owned by Banks, Banks, Banks.

  47. Cameron Lowes says:

    Hey, Cenk- in a "loan", the amount you pay back is always greater than the original loan ( hence, the word "profit" )
    It's all a question of limits- hence the word "loanshark"

  48. Barton Heath says:

    Yes, only smart and wealthy citizens should be protected by legislation from the banks.

  49. Bryan Ransom says:

    48 people think 400% apr loans are perfectly fine

  50. waterandafter says:

    Sweet also how our tax money bailed out banks and none of that trickled down into small business loans.

  51. no pe says:

    payday lenders make loan sharks blush

  52. waterandafter says:

    Dnc neocons don't care, never cared about the interests of the down trodden or the working class. They see them as just pool to farm votes from. They will tell you how it is the republicans that keep people down when they vote right along with them on policy that does nothing to help the people. Even Elisabeth Warren stopped helping the people once shillary got her meathooks in the dnc.

  53. Joshua Lakhamraju says:

    We believe in equality for all! Now excuse us while we rob you blind

  54. Joe King says:

    I ❤ WHITE women!

  55. JMJ -K says:

    Tyt are dnc supporting hacks. What’s the point of this video? You supported Hillary who has the same world view. Disgusting

  56. JosephJamesScott says:

    Don't worry the republicans (being the party of principals) would never vote for something that usurped states rights /sarcasm

  57. Samuel Craig says:

    Man that is a terrible bill! Keep everyone posted on if it passes!

  58. SonyJimable says:

    Torch the DNC and start from scratch.

  59. Br Car says:

    All Democrats and half or more Republicans are like him. Exploiting the poor.

  60. Jeannie Kisch says:

    If this is true then he is a plant and not a Democrat.

  61. Dicken Bahls says:

    I'm not against regulation, but it's funny seeing the Left talk about finance. Saying a 2 or 3 week loan has an APR of 300% is like saying most hotels charge an average of $50,000 per year. These agreements are suppose to be very short-term. If you need a place to stay for a long period of time, get an apartment; if you need a long-term loan, get a traditional loan.

  62. Red Til I’m Dead says:

    Shame on him.

  63. David UK says:

    What you do not mention is that pay day loans are literally the only form of credit millions of people have access to. It is one thing to say that it is irresponsible lending, which I agree of. But to remove literally the only form of lending that some people have in desperate times, without no alternative, is just as irresponsible.

    The fact that pay day lenders are able to respond to people being desperate and offering them an immediate solution to short term problems, means these terrible lenders prosper. But to simply clamp down on these lenders is not the whole answer, so I would get off your high horse.

  64. Michael Ellis says:

    How can anyone come on here and defend predatory lending? It’s taking advantage of desperate people plain and simple. Payday loans are sickening.

  65. Wild Man says:

    Damn! At 400% interest that's a whole lot of payola for those politicians through the industry lobbies!

    Seriously, what makes these things so devastating is it isn't just the interest payments they demand but also the 1/3 portion of the principal that becomes due every month. That last part is what forces people to borrow again in conjunction with the usurious interest rates.

  66. Levon Tumanyan says:

    STFU nobody is forcing you to go take those loans. If you are a moron and still choose to go borrow from a Payday establishment after all the bad press around them then you deserve to be ripped.

  67. James Harris says:

    I'm a Democrat, and if true this is shameful; this is the way the Mafia operates. It's legalized loan-sharking. Shame on Mark Warner.

  68. Atmost11 says:

    Mark Warner congratulations you have a check by your name, you better hope civilization holds together enough to keep protecting you.

  69. KingJustice98 says:

    Loan sharks

  70. KingJustice98 says:

    Interest rates used to be capped at 12% in the US for everything including credit cards.

  71. SYNAPSE 2020 says:

    Follow the money – the money gifted into Pelosi account.

  72. SYNAPSE 2020 says:

    "Cycle of poverty" is the precise correct way to describe it.

  73. Jos Tow says:

    I am not voting any more,because there is now one worth voting for,.any way your vote dose not count.

  74. Edward Siegel says:

    Corporate Democrats love the payday lenders the way Republicans love car dealers. Weird how each finds its own unique slime to wallow in.

  75. Kenji says:

    Basically loan shark lending, without the breaking of limbs.

  76. Bucur Ilie says:

    Do not kid yourself, Democrats take bribes just as fast as Republicans. Now look at that guy, to me he looks just as clear as day light as a crook. Everybody knows that these loans are as bad as they ken be.

  77. Rivaldo Dael says:

    It is brilliant. Companies should get celebrated for finding these loopholes.

  78. bloodsoldierZ says:

    I have money to loan out but I don't know how to go about it. Ideas?

  79. Hydreus says:

    Only 380%? In the UK certain payday lenders do 1150%….

  80. yawnos says:

    I used to work customer service for a credit card company. I actually had to explain to someone that the money on the card doesn't reset at the end of the month. They thought we would give them another $2000 next month. There is no way to explain that and not make them feel really stupid.

  81. Passio says:

    "…Could not withstand a $700 blow to their finances" made me laugh. I'm a single parent of a special needs child living on $800 a month. That's including assistance. A $700 cut in our situation isn't a "blow", it's literally homelessness and starvation.

  82. Mike says:

    "A plague o' both your houses!"

  83. Josiah Suarez says:

    yeah, this is ridiculous. )$0.00=$zer0 dollars.

  84. Themis Vespucci says:

    John Oliver needs to do an update segment on this

  85. bowtech37 says:

    They are high risk loans of course the interest rate is high. These people are high risk they default at high rates!

  86. Cherula Famana says:

    Payday lenders? More like predatory lenders.

  87. David Richland says:

    These guys make a mob loan shark look like Mother Teresa.

  88. Angelo Brattoli says:

    But this must not be discussed, just like we are told not to talk about Bill Clinton the sex offender and Hillary Clinton the corrupt money launderer because…UNITY!!

  89. Lord Kiltridge says:

    Anyone who is FOR a payday loan is either fantastically stupid, or stands to profit from it.

  90. Alex Rolli says:

    To be fair, Gwen Moore is an idiot. Just look at her son for proof.

  91. d.u.g. Drilly says:

    same thing student loan lenders have been doing for decades.

  92. Chanty binx says:

    What's interesting is the ad that played before this video (at least for me) was a pay day loan ad.

  93. Mark Iacovetta says:

    …….. Why are people pulling out loans at. are like that???

  94. Daniel Ademide says:

    Ironic, maybe not but Gwen Meeks and Gregory Moore are both African-Americans. Where do payday loans thrive the most? Sad.

  95. chickendinner2012 says:

    Vote out all the corrupt especially ones doing the bidding of payday loans such as DWS.

  96. powerfrenzy says:

    Ironically a payday loan ad plays before the video lol

  97. FrakU2 says:

    400% is brutal. If you owe them $10 dollars that 400% interest rate adds up to $50 bucks! It's a death sentence if you need to pay rent with "payday" lender help!

  98. Kanyarat Baker says:

    Payday loans are excellent short term loans if you pay it off within 30 days. Basically, be a responsible person and quit crying. No one makes you borrow money and no one chooses who to borrow from but YOU. Personal responsibility. That truly is "progressive" in this American culture of victim-hood.

  99. Winged says:

    Payday loans are terrible. Interest rates should be capped. If you're not comfortable making a loan to a person don't issue the loan, but don't charge 300% interest to cover the losses of the defaulted loans.

  100. ihartevil says:

    who is surprised by this hillary clinton was all for payday loans

    thx for this ha bisky vid and this is a no shit and if you can pay it off right away then its fine but peoples who are poor cant do that

    i think my aunt got a payday loan and paid it back without any problem because it was for a road trip and just needed an advance and the moment her paycheck came she paid it off

    that is a rare case though and she had the money it was just a week or 2 weeks late from when she actually needed it

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