Posted on 09/29/2008 3:21:17 PM PDT by governsleastgovernsbest
Aren't Chris Matthews and Hardball the champions of the little guy? You know, those folks, embittered by the bad economic times, who get exploited off by questionable financial institutions? So why does Hardball have as a sponsor a lender with a target market of the down-and-out, that charges borrowers . . . over 99% per annum in interest? [Large screencap showing fine print after the jump.]
There I was watching this afternoon's Hardball, when, just after Matthews got through playing [for the umpteenth time today on MSNBC] clips from Tina Fey's latest Sarah Palin impression, on came an ad for something called Cash-Call. A Gary Coleman look-alike, or perhaps the Diff'rent Strokes veteran himself, appears and makes an aggressive pitch to people at the end of their rope.
View video here.
(Excerpt) Read more at newsbusters.org ...
Hardball sponsored by lender catering to the down-and-out charging 99% annual interest ping to Today show list.
BTTT
is that legal? aren’t there USARY laws????
Because he can’t attract any other advertisers for his piece of crud television show, that’s why.
Depends upon the state.
That should tell you something about his audience!
First Bank of Delaware - why, that’s Sen. Biden’s state!
Good catch.
There may be another line crossed beyond Usury. It could be simple loan sharking. A RICO lawsuit might be the order of the day, by some scum sucking lawyer who wants to make money bringing down Chrissy Wussy Matthews...
“is that legal? aren’t there USARY laws????”
Buyer beware.
Usury laws? Shouldn't be. They're bad policy based on the just price fallacy.
http://www.cashcall.com/General/Rates.aspx
Outside of California, they offer a $1,500 loan at an annual rate of 141.42%.
I’ve seen it in San Antonio Texas so it isn’t a local ad
Embittered and still clinging. (Gonna need more ammo.)
42-monthly payments of $216.55 + $75.00 fee = $9170.10 payment for a $2,600 loan.
Democrats are evil for pushing such advertising on the downright stupid Democrats who watch.
I’ve never understood how people could fall for those things. It never made any sense to me. Never.
However, it sounds like a helluva business to start! :D
Thanks for confirming that this was a national ad. You saw it today, yes?
What’s the difference between Usury and “loan sharking”? I thought the rate was what made “loan sharking” illegal.
Oh my - I thought this was FReepville - you want more regulation ?
-PJ
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