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Hasner said, “Washington is the problem, not the solution,” fixing Mack to the record low public approval rating for Congress. McCalister made a similar point. LeMieux said Mack would need to explain why he voted for earmarks (left unsaid was that LeMieux never requested an earmark in his short time as a senator but voted for appropriations bills loaded with them.).
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I can be shocked with their business practice existence and not see the alternative. Our government caved when they dealt with this industry the first time around, and capped the interest rate at 20%. What they need to do is force these guys to establish their interest rate the same way banks establish lending rates: they tie them to default rates and to the cost of collection as baseline, with profit on top.The problem is, there is no real competition in the payday loan field.
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