Thursday, March 22, 2012

Payday lenders -- hiding behind SuperPACs, to overturn regulation.

This via Bloomberg, that payday lenders are using dummy LLCs to hide their true identities, in their bid to funnel millions of dollars to Republican SuperPACs.  Payday lenders are not happy that their shadow lending should be regulated, so they're looking to spend millions to get Republicans into office and repeal the Dodd-Frank Act.

All thanks to the conservative Supreme Court which overthrew the bipartisan McCain-Feingold Act (and decades-old laws going back to the post-Nixon Watergate era)...now we have government of the corporation, by the corporation and for the corporation.

Or as Mitt likes to put it, "Corporations are people, too."

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