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November 20, 2009

House Panel Approves Fed Audits, Carves Small Banks Out of Reform Fees

An amendment that would require a full audit of the Federal Reserve passed a key House committee Thursday as a part of broader financial reform. Small banks were also exempted from paying for large bank failures.

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State AG Sues 17 Internet Payday Lenders and Collection Agencies
What happened to the word responsibility? This people understand agree to the terms of these payday loans. I think they should be hold accountable. What's next? AG's sewing gas stations for keep the cash register open to long? People might be tempted to steal it? How stupid have we all become? If a person goes into a bank and takes money with a gun its called stealing, but you go in and sign a piece of paper and later when you default on it the signer is the victim? If we took responsibility for our own actions none of this would be a problem. But I guess that is the real problem with America today.
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