One of Colbert's best in a long time. He takes a run at the proposed Payday Loan Reform Act, which proposes to prevent 800% interest rates by capping them at 780%. A great deal for anyone who gets a weekly 2000% pay raise, as Colbert points out. "The Payday Loan Reform Act drags the payday loan industry out of the darkness and into the anemic firefly flicker of nominal oversight."
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Are those interest rates for real? If so they are despicable!
Posted by: April | December 02, 2009 at 06:18 AM