ACORN Senate Vote 83-7 Against Funding Rotten Group
Senate says HUD cannot fund ACORN; Will House agree?
Is it any surprise? We’ve known for some time that ACORN is a questionable organization. The latest pimp and prostitute video is just the icing on the cake, comments the Hot Air blog. Now the Department of Housing and Urban Development (HUD) [...]
Payday Loans Industry Victimized By Bogus Study (Pt. 1)
“Usury Law & The Christian Right” | Meyers’ Critique
A few months ago, I posted my brief review of the academic paper “Usury Law and the Christian Right: Faith Based Political Power and the Geography of the American Payday Loan Regulation.” I did this because authors Stephen Graves and Christopher Peterson [...]
No ACORN Should Be Left Unindicted (4)
Trying to make lawlessness “social justice”
This concludes a four-article series regarding ACORN and its connections in politics, big money and abuse of the taxpayer’s trust. It can be argued that no one entity has brought the American economy to its knees without a cash advance, but ACORN and organizations close [...]
ACORN, Self-Help, Inc., Obama | Friends in Low Places (1)
American axis
President Obama has spoken well of the virtues of public service. On the surface of things, it is admirable to sacrifice one’s time and resources to help others in need. However, with the continuing controversy of the HR 1388 “mandatory volunteerism” bill inflaming the public’s sense of what is [...]
Kentucky Urged to Violate Constitution by CRL
Kentucky ready to slam door on small business
Jack Brammer of Kentucky’s Herald-Leader newspaper reports that Kentucky wants to give current payday loan companies in the state the chance to maintain solid footing. Unfortunately, proposed House Bill 444 now has a protectionist measure that some state lawmakers see as a way [...]
Center For Responsible Lending Irresponsibly Taints Journalism
Jumping off that same cliff
Jay Miller of Crain’s Cleveland Business reports that given the choice, he’d rather be a lemming.
Jump off the cliff like everyone else and buy the Center For Responsible Lending’s (CRL) propaganda, Jay. Or, you might actually take the few seconds necessary to think about cash advance [...]
ACORN: Unsafe For America (Pt. 6)
Too dangerous to ignore
This article concludes my study of the Employment Policies Institute’s (EPI) report “Rotten ACORN: America’s Bad Seed.” Click here if you wish to view parts ONE, TWO, THREE, FOUR or FIVE of this article series.
We’ve seen that the Association of Community Organizations for Reform Now (ACORN) speaks [...]
Was Martin Eakes Mugging Planned?
Was it planned?
Recently, David Fellerath asked on Triangulator whether the recent mugging of Center For Responsible Lending President Martin Eakes was planned. He refers to a North Carolina News & Observer column by Barry Saunders at http://www.newsobserver.com/134/story/1335527.html which ventures the suggestion that Mr. Eakes was not merely in the wrong [...]
The Center For Responsible Lending Must Pay (Pt. 3)
Read my lips…
Time to lead into absurdity… but only if you’ve read parts ONE and TWO first…
An essential part of the plan permits distressed homeowners to seek loan modifications in bankruptcy court, an option now permitted on other types of loans that are far less important to families and the [...]
Martin Eakes Can’t Bail Himself Out of His Past (Pt. 2)
Better get a bigger bucket…
Wait. CLICK HERE to check out part one of this article – before you get wet. Then see how Martin Eakes wields the obvious:
Previous actions to bail out banks have been necessary to keep the economy afloat, but essentially amounted to bailing out the water in [...]
Martin Eakes Wants a Medal, Deserves Skepticism (Pt. 1)
20/20 subprime-sight
Martin Eakes of the Center For Responsible Lending recently distributed a press release in which he reacts to President Obama’s plan to fix the housing crisis that plagues America. Nothing like damage control for the image after your business was directly involved in causing the subprime mortgage crisis to [...]
The Truth? Starkman, the CRL Ain’t Worth It… (Pt. 4)
Payday loans aren’t subprime mortgages
Starkman brings his criticism of the Forbes article to a close. If you missed parts one, two or three, check them out.
“Consumers’ complaints as a seismograph? Does anyone believe that?”
This again refers to Donald Morgan’s work, and again, Mr. Starkman can’t see the forest for the [...]
Center For Responsible Lending: Subprime/Subpar (Pt. 2)
Dean Starkman defends CRL, trips over self
But let’s look at his case against the Forbes article. It’s full of holes. Click here if you missed part one of this story.
“Payday loans, by the way, are even ranker than subprime mortgage lending, which, despite years of diligent research in sub-basement laboratories, [...]
Defending Subprime Lenders? Bad Premise! (Part One)
Starkman’s got the Center For Responsible Lending on his mind
Award-winning journalist Dean Starkman should have known better. His journalistic career has been one of distinction. He was worked for high-profile publications like the Washington Post and the Wall Street Journal. He was even part of an investigative team that won [...]
ACORN & Center For Responsible Lending: Subprime Culprits
Sharks that feed on banks
During the recent presidential election, an organization called the Association of Community Organizers for Reform Now (ACORN) grabbed more than its share of the headlines. Specifically, there have been allegations that ACORN has been involved in large-scale voter fraud (and here’s a road map). But let’s [...]
Center For Responsible Lending: Subprime Hypocrites
Subprime economic destroyer
America has entered an economic depression. Much of the blame for this depression can be placed squarely upon the shoulders of mortgage lenders who chopped their way into the subprime market with a hatchet called optional adjustable-rate mortgages.
These types of loans were incredibly destructive to borrowers because they allowed homeowners [...]
Center For Responsible Lending Burning, Payday Loans Unscathed
The CRL is burning…
With each passing day, payday loans become more popular with consumers in need of a temporary cash bump. And with each passing day, the flames surrounding the Center for Responsible Lending (CRL) grow higher. Witness this recent story from the Credit Union Times‘ David Morrison. He reports [...]
Payday Loans | L.A. Times Swings and Misses (Part II)
Welcome back to this response to the L.A. Times recent attempt to be fair and balanced regarding payday loans. If you missed Part I, here it is. My response to their common hit piece follows without further interruption…
Banks and credit unions are uncomfortable with this competition
They’re fighting for that market [...]
Payday Loans | L.A. Times Swings and Misses (Part I)
Hate it or Love it
Payday loans, says Check Into Cash founder W. Allan Jones, is “the craziest business. Consumers love us, but consumer groups hate us.” According to this recent Los Angeles Times article, that’s where the divide seems to be, and in their estimation, that is a problem.
“Critics say [...]
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