2016 Postmortem

jeff47

(26,549 posts) Tue Mar 1, 2016, 04:06 PM Mar 2016

Why did DWS just co-sponsor the bill to help payday lenders?

After all, it really doesn't mean anything in terms of getting the bill passed. It's not like DWS's vote in the House is necessary - there's plenty of Republicans to advance the bill.

So why'd she do it? Because now Clinton will come out against the bill.

Clinton will trumpet this to try and claim she is not a pro-big-money, pro-establishment candidate. "See! I even oppose what the DNC chair is doing!!"

26 replies

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Why did DWS just co-sponsor the bill to help payday lenders? (Original Post) jeff47 Mar 2016 OP

This message was self-deleted by its author Stand and Fight Mar 2016 #1

Because she is just like her friend. Will say or do anything to get money and power. hobbit709 Mar 2016 #2

Because mobbed-up loan sharks donate to sheriff campaigns, PDL's donate to politicians! nt TheBlackAdder Mar 2016 #23

payday lenders have saved my ass more than one time. stonecutter357 Mar 2016 #3

They also ripped you off. They can do one without doing the other, you know n/t arcane1 Mar 2016 #5

And guess what? They don't have to charge 300% interest to do so. (nt) jeff47 Mar 2016 #11

It must have felt good... R. Daneel Olivaw Mar 2016 #17

You could get better rates from the Mob. hifiguy Mar 2016 #21

The MOB in ALABAMA? stonecutter357 Mar 2016 #26

Ok... that's pretty cynical even for me! I'm thinking its more likely DWS is trolling for campaign Kip Humphrey Mar 2016 #4

LOL ... Trajan Mar 2016 #6

yeah, except for all of the carnage involved (which I doubt informs DWS!) Kip Humphrey Mar 2016 #8

Payday lenders using banks in other states are illegal here in NC. PonyUp Mar 2016 #7

That's good to know! Nice to see NC looking out for its actual human "persons" n/t arcane1 Mar 2016 #9

It was commanded by her corporate overlords. seaotter Mar 2016 #10

Do you have a bill number, link to the bill please? Sunlei Mar 2016 #12

Here ya go. jeff47 Mar 2016 #13

you find bills on official Gov pages, here you go. Sunlei Mar 2016 #14

So wait...you didn't need me to actually give you the link and could find it yourself? jeff47 Mar 2016 #22

Not yet on any officials website. found it, looks ok to me. Here what don't you like about it? Sunlei Mar 2016 #24

Ayup. AzDar Mar 2016 #15

She has lost it. Hopefully, Obama would veto it if passed. EndElectoral Mar 2016 #16

Also, Isn't DWS's husband involved with those legal loan sharks? nt Snotcicles Mar 2016 #18

Jesus, another big fracture opens up between the DNC and the Sanders wing Arazi Mar 2016 #19

Because she's a bootlicking, craven, hypocritical toady for anyone hifiguy Mar 2016 #20

This must be the third thread on this today Mufaddal Mar 2016 #25

Response to jeff47 (Original post)

Stand and Fight This message was self-deleted by its author.

hobbit709

(41,694 posts)

2. Because she is just like her friend. Will say or do anything to get money and power.

Reply to jeff47 (Original post)

Tue Mar 1, 2016, 04:11 PM

Mar 2016

TheBlackAdder

(28,201 posts)

23. Because mobbed-up loan sharks donate to sheriff campaigns, PDL's donate to politicians! nt

Reply to hobbit709 (Reply #2)

Tue Mar 1, 2016, 05:19 PM

Mar 2016

stonecutter357

(12,697 posts)

3. payday lenders have saved my ass more than one time.

Reply to jeff47 (Original post)

Tue Mar 1, 2016, 04:12 PM

Mar 2016

arcane1

(38,613 posts)

5. They also ripped you off. They can do one without doing the other, you know n/t

Reply to stonecutter357 (Reply #3)

Tue Mar 1, 2016, 04:17 PM

Mar 2016

jeff47

(26,549 posts)

11. And guess what? They don't have to charge 300% interest to do so. (nt)

Reply to stonecutter357 (Reply #3)

Tue Mar 1, 2016, 04:24 PM

Mar 2016

R. Daneel Olivaw

(12,606 posts)

17. It must have felt good...

Reply to stonecutter357 (Reply #3)

Tue Mar 1, 2016, 04:45 PM

Mar 2016

Dealing with a legalized loan shark.

hifiguy

(33,688 posts)

21. You could get better rates from the Mob.

Reply to stonecutter357 (Reply #3)

Tue Mar 1, 2016, 04:53 PM

Mar 2016

stonecutter357

(12,697 posts)

26. The MOB in ALABAMA?

Reply to hifiguy (Reply #21)

Tue Mar 1, 2016, 08:10 PM

Mar 2016

Kip Humphrey

(4,753 posts)

4. Ok... that's pretty cynical even for me! I'm thinking its more likely DWS is trolling for campaign

Reply to jeff47 (Original post)

Tue Mar 1, 2016, 04:13 PM

Mar 2016

funds since she is being primaried. A good source of cash are payday lenders who only require a 135% quid pro quo!

Trajan

(19,089 posts)

6. LOL ...

Reply to Kip Humphrey (Reply #4)

Tue Mar 1, 2016, 04:20 PM

Mar 2016

Not a bad deal, if you can get it!

Kip Humphrey

(4,753 posts)

8. yeah, except for all of the carnage involved (which I doubt informs DWS!)

Reply to Trajan (Reply #6)

Tue Mar 1, 2016, 04:24 PM

Mar 2016

PonyUp

(1,680 posts)

7. Payday lenders using banks in other states are illegal here in NC.

Reply to jeff47 (Original post)

Tue Mar 1, 2016, 04:23 PM

Mar 2016

In 2006, the North Carolina Department of Justice announced the state had negotiated agreements with all the payday lenders operating in the state. The state contended that the practice of funding payday loans through banks chartered in other states illegally circumvents North Carolina law. Under the terms of the agreement, the last three lenders will stop making new loans, will collect only principal on existing loans and will pay $700,000 to non-profit organizations for relief.

arcane1

(38,613 posts)

9. That's good to know! Nice to see NC looking out for its actual human "persons" n/t

Reply to PonyUp (Reply #7)

Tue Mar 1, 2016, 04:24 PM

Mar 2016

seaotter

(576 posts)

10. It was commanded by her corporate overlords.

Reply to jeff47 (Original post)

Tue Mar 1, 2016, 04:24 PM

Mar 2016

Sunlei

(22,651 posts)

12. Do you have a bill number, link to the bill please?

Reply to jeff47 (Original post)

Tue Mar 1, 2016, 04:25 PM

Mar 2016

jeff47

(26,549 posts)

13. Here ya go.

Reply to Sunlei (Reply #12)

Tue Mar 1, 2016, 04:29 PM

Mar 2016

http://bfy.tw/4X9C

Sunlei

(22,651 posts)

14. you find bills on official Gov pages, here you go.

Reply to jeff47 (Reply #13)

Tue Mar 1, 2016, 04:31 PM

Mar 2016

https://www.congress.gov/member/debbie-wasserman-schultz/W000797

jeff47

(26,549 posts)

22. So wait...you didn't need me to actually give you the link and could find it yourself?

Reply to Sunlei (Reply #14)

Tue Mar 1, 2016, 04:59 PM

Mar 2016

Golly! What a surprise.

Sunlei

(22,651 posts)

24. Not yet on any officials website. found it, looks ok to me. Here what don't you like about it?

Reply to jeff47 (Reply #22)

Tue Mar 1, 2016, 05:29 PM

Mar 2016

https://www.congress.gov/114/bills/hr4018/BILLS-114hr4018ih.pdf
To amend the Truth in Lending Act to establish deferred presentment transaction requirements

You do realize a lot of states don't have any " requirements" for consumer protections from those loan sharks re their 'deferred presentment' repayment requirements?

Loan shark Corps hate to be regulated.