> Apparently Republican Steve Stivers thinks it is okay for payday lenders to rip off people. In a vote this fall, Stivers was against legislation that would put a cap on the interest rate charged by these payday lenders. Legislators wanted to put a cap on the interest charge at 36%. Stivers was against it. (I guess once a bank lobbyist, always a bank lobbyist!) Here are some excerpts from The Columbus Dispatch:
Sen. Steve Stivers, R-Columbus -- Doesn't favor a 36-percent rate cap. "You can't take away people's ability to screw up their own financial situation by taking away the legal loan products, because they'll move to the illegal loans." Wants to encourage competition and avoid having people caught in a debt spiral.
Shouldn't Stivers be voting to protect the consumer instead of financial institutions/corporations?
> Is M*chigan QB Ryan Mallett planning to transfer because of the new coach? Rotoworld said that rumors say it is possible.
> What has happened to Sen. Joe Lieberman? He plans to endorse Republican presidential candidate, John McCain (CNN).
> Smart Cars will start to be delivered in a few months. Yipeeeeeeeeee!!!!!