Word: payday
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...down failing banks without bailouts, how to regulate "systemic risk," whether to cap the size of banks, whether to allow banks to own hedge funds or play the markets with their own cash, whether to preempt stricter state banking regulations, and countless other disputes over leverage and liquidity restrictions, payday lenders, securitization, industrial loan corporations, derivatives end users, mortgage underwriting and other arcane issues that probably won't translate into 30-second attack...
...rest is a botch, as storytelling or spectacle. First we're up on Olympus in the company of some swank Brit actors - Laurence Olivier as Zeus, Claire Bloom as Hera, Maggie Smith as Thetis - whose contempt for the material, and for themselves for taking this rich but demeaning payday, deprives their readings of either the sizzle of high drama or the florid flounce of high camp. Then we're on earth, in Argos, where the half-god Perseus, Zeus' bastard son, is incarnated by Harry Hamlin with a pouty air and the look of a Muscle Beach Andy Samberg. Under...
...still optimistic about a consensus bill. He hinted that when he unveils his draft on Monday, it will reflect the compromises he's already made with Corker. But common sense, as well as leaks from their talks, suggest that those compromises - stripping the consumer agency of enforcement power, exempting payday lenders from new regulations, blocking any state regulations that are stricter than federal ones - would remove teeth from the bill. And perversely, that would make consensus - which is pretty unlikely anyway - just about impossible...
...shouldn't be tucked in their basements. It would have to enforce rules as well as write them; otherwise, we'd remain dependent on the same regulators who failed us last time. And those rules would have to apply to all bank and non-bank institutions, including the payday lenders who contributed so generously to Corker's campaigns; otherwise, the loan business would simply move to the unregulated corners of the market...
...later, so-called subprime lending is alive and well. What's more, fears that increased regulation following the credit crisis would dramatically curtail the profits of these lenders is receding. A deal struck in the Senate would reportedly dramatically weaken a proposal meant to crack down on so-called payday lenders and other specialty finance firms that cater to people with lower credit scores. (See "Is There Too Much Worry About the Debt...