This is what is wrong with America

[plumbervol]

I was watching the news last week and the bleak forcasts for the employment rate was everywhere. An interesting interview with an unemployed New Yorker got my attention. He was an unemployed small business owner. He owned a check cashing business and pay day loan company in NYC. He said the crackdown on the banking industry caused his small business to go under. Was that not the point of the crackdown on the banking industry to put some of these scumbag businesses out of business? I am sorry the guy is unemployed but I am not sorry that they regulated an industry that only competition was organized crime loan sharks. America is better off if all of those banking outfits went under.....

Conservatives kiss the of all so called small businesses, will they cater to these scumbags?  UT lost a major UTAD donor that had these scumbag businesses all over the south TN and north Ga because regulation forced him out of business. Are we not better off without Pay Day Loan and check cashing services?

[Just Win]

I was watching the news last week and the bleak forcasts for the employment rate was everywhere. An interesting interview with an unemployed New Yorker got my attention. He was an unemployed small business owner. He owned a check cashing business and pay day loan company in NYC. He said the crackdown on the banking industry caused his small business to go under. Was that not the point of the crackdown on the banking industry to put some of these scumbag businesses out of business? I am sorry the guy is unemployed but I am not sorry that they regulated an industry that only competition was organized crime loan sharks. America is better off if all of those banking outfits went under.....

Conservatives kiss the of all so called small businesses, will they cater to these scumbags?  UT lost a major UTAD donor that had these scumbag businesses all over the south TN and north Ga because regulation forced him out of business. Are we not better off without Pay Day Loan and check cashing services?

No this is what is wrong with America and it will continue to fester if left unadressed by the national legislature and the president. It is a symptom of a illness of pride in the heart of every man.

 

[Flummoxed Lummox]

Are we not better off without Pay Day Loan and check cashing services?

Yes, we are better off without the payday advance companies and check cashing services, which exploit the poorest of the poor for obscene profits.

How ironic that for much of the history of Christianity usurers were considered hell bound. Here are just a few verses which deal with usury:

"If you lend money to any of My people who are poor among you, you shall not be like a moneylender to him; you shall not charge him interest."-Exodus 22:25

"If one of your brethren becomes poor, and falls into poverty among you, then you shall help him, like a stranger or a sojourner, that he may live with you. Take no usury or interest from him; but fear your God, that your brother may live with you. You shall not lend him your money for usury, nor lend him your food at a profit."-Leviticus 25:35-37

Before 313 A.D., the Christian communities were largely confined to the urban business class. By the 4th century, Constantine's legislation created the Catholic Church. Many pre-313 A.D. religious sects - commonly lumped together under the rubric "Gnostics" - were aggressively hunted down and their texts were destroyed. The Catholic Church now embraced all the social classes within it. As for general social conditions, the rich who were in a position to take advantage of the situation became the money-lenders when the ever-increasing tax demands in the last declining days of the Empire crippled and eventually destroyed the peasant class by reducing tenant-farmers to serfdom. It was only too evident that usury meant exploitation of the poor.

The First Council of Nicaea in 325, forbade clergy from engaging in usury (canon 17). At the time "usury" simply mean interest of any kind, and the canon merely forbade the clergy to lend money on interest above one per cent per month. Later ecumenical councils applied this regulation to the laity.

Lateran III decreed that persons who accepted interest on loans could receive neither the sacraments nor Christian burial. Pope Clement V made the belief in the right to usury a heresy in 1311, and abolished all secular legislation which allowed it. Pope Sixtus V condemned the practice of charging interest as "detestable to God and man, damned by the sacred canons and contrary to Christian charity."

Theological historian John Noonan argues that "the doctrine [of usury] was enunciated by popes, expressed by three ecumenical councils, proclaimed by bishops, and taught unanimously by theologians."

http://en.wikipedia.org/wiki/Usury

My, how much we have changed. Now it's not uncommon for the man (or woman) who makes obscene profits (by charging interest rates of 300-400% annually to people who live at or below poverty level) to be in church on Sunday proclaiming his (or her) "Christian" faith.

If there is a hell, there should be a special place reserved for those who became filthy rich exploiting the poor.

[One Man Gang]