Wednesday, January 27, 2010

Enough Already With Payday Loans

This letter to the editor of the Arizona Daily Star was published 1/25/2010

I am not always in agreement with your editorials but this one is 100% correct. As you state the voters have spoken loud and clear their revulsion of this bloodsucking industry. As I understand it most states have put them out of business. Let them revert to the 36% which is probably reasonable when default is considered.
Legislators pushing to overturn the electorate’s wishes will be sorry as the voters will exact their revenge the next election cycle. They had better keep the bribes as they will have to find other work to do.
You were gracious to publish an article I wrote in 2006. In it I proposed what I felt then and still do to be a reasonable alternative. At the time the issue was about service people. The principle could also be applied to civilians as well. I am attaching that article for whatever it is worth. I hope you keep the heat on until this is over. Thanks.

Jack B. Walters
3961 N. Hillwood Circle
Tucson, AZ 85750
(520) 722-2958
January 19, 2010


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