Financial Reform?

We need financial reform desperately. The good news is that our government actually realizes that fact, and is working on it. In fact they've been working on it for some time. Now, that's not unusual. It takes more time to get it right then it does to get it wrong. Right now, they're hearing from those "payday loans" and "check cashing" outfits. Usually, but not always it's one in the same. These folks are crying alligator tears for the government to leave them out of the reform. See, they don't want to be reformed. They like things exactly the way they are. They certainly don't want to be regulated. I don't know if you've ever done business with any of these folks, but they seem to be high-fliers. It looks to me as though these are exactly the kinds of operations that need oversight. They need to be regulated. They charge extremely high interest on the loans they make, which are very short term loans, and invite their customers to use their check-cashing feature, thus insuring that they will get paid back before anyone else. My Dad always warned me about people like these folks. Only difference is that the folks he talked about would break your legs if you didn't pay. Now, of course, this new breed of businessmen don't act like that. If you're late with a payment, you won't get an unwelcome visitor, but they'll hit you with the full weight of the law, which will be on their side. I'd say they're the poster child for financial reform.