Extractive finance debilitating customers and economic recovery

It’s not as simple as changing political parties or leaders, we have to end the finance model that extracts all and justifies everything for its profits, while leaving households, the economy and taxpayers unable to attain financial strength and stability.  The parasite keeps killing the host and captured lawmakers and regulators are accessories to the crimes on both sides of the isle.  See Democratic party head joins conservative campaign to derail modest payday loan regulations:

“Payday lenders fearing modest federal regulations will cut into their vast profit margins have a new, high-profile ally in Washington: The chairwoman of the Democratic Party.

Rep. Debbie Wasserman Schultz (D-FL) is co-sponsoring legislation to delay and permanently muffle pending Consumer Financial Protection Bureau (CFPB) rules to rein in small-dollar lenders that are currently able to levy triple-digit annual interest rates on the nation’s poorest, the Huffington Post reports.”

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