The crack down by Govt of Pay-day lenders has spawned a new kind of loan shark at increased terms and accelerating volume: asset-backed lenders, who target cars as the asset they want. While free market solutions are scary -- the genetically modified Govt monsters that heavy regulations metastasize are far, far scarier. dealbook.nytimes/2014/12/25/dipping-into-auto-equity-devastates-many-borrowers/?smid=nytcore-ipad-share&smprod=nytcore-ipad&_r=0
Posted on: Sun, 28 Dec 2014 19:15:21 +0000