|Thomas Sowell: Predatory lending and the poor|
|News - St Augustine Area & St Johns County|
The New York Times is again on the warpath against what it calls “predatory lending.”
Just what is predatory lending? It is lending that charges a higher interest rate than people like those at the New York Times approve of. According to such thinking — or lack of thinking — the answer is to have the government set an interest rate ceiling at a level that will be acceptable to third parties like the New York Times.
Read entire article: Thomas Sowell: Predatory lending and the poor