Comments on: Predatory Lending: Meet Jonathan Swift http://www.concurringopinions.com/archives/2007/11/predatory_lendi.html The Law, the Universe, and Everything Sun, 22 Nov 2009 04:22:46 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Maryland Conservatarian http://www.concurringopinions.com/archives/2007/11/predatory_lendi.html/comment-page-1#comment-51544 Maryland Conservatarian Tue, 20 Nov 2007 18:50:56 +0000 http://www.solove.org/archives/2007/11/predatory-lending-meet-jonathan-swift.html#comment-51544 I'm guessing the so-called predatory lending industry only survives because there is so little competition to their services. So...why don't a bunch of well-meaning liberals set up a non-predatory lending service right next door to some of the predators. When this business model proves to be the cash cow that the rest of the business world has obviously been too stupid to forsee, a flock of imitators will rush in and the predators will be put out of business. This will also help provide a ready source of funds to push for other progressive causes such as an end to sub-prime mortgages (which go disproportionately to the working poor and get them too invested in an ownership society) and killing any kind of pro-school choice programs. I’m guessing the so-called predatory lending industry only survives because there is so little competition to their services. So…why don’t a bunch of well-meaning liberals set up a non-predatory lending service right next door to some of the predators. When this business model proves to be the cash cow that the rest of the business world has obviously been too stupid to forsee, a flock of imitators will rush in and the predators will be put out of business.

This will also help provide a ready source of funds to push for other progressive causes such as an end to sub-prime mortgages (which go disproportionately to the working poor and get them too invested in an ownership society) and killing any kind of pro-school choice programs.

]]> By: Anon http://www.concurringopinions.com/archives/2007/11/predatory_lendi.html/comment-page-1#comment-51543 Anon Sun, 18 Nov 2007 22:21:29 +0000 http://www.solove.org/archives/2007/11/predatory-lending-meet-jonathan-swift.html#comment-51543 I'm glad to see someone has decided that rational argument with the industry position is less effective than mockery. Reminds me of the Yes Men's demonstration of "Vivoleum" at a recent conference of oil executives. I’m glad to see someone has decided that rational argument with the industry position is less effective than mockery. Reminds me of the Yes Men’s demonstration of “Vivoleum” at a recent conference of oil executives.

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