Wednesday 14 February 2018

Patrick McHenry goes swimming with the loan sharks

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Proving that weasels can swim if the mood hits them:

If you ever harbor any questions as to what Trumpism looks like in all of its corrupt, dog-eat-dog, predatory splendor, there are two classic examples from our nation’s capital today to jog your memory.

Exhibit One is the laughably entitled “Protecting Consumers’ Access to Credit Act of 2017” — a bill on which the House of Representatives is scheduled to vote today at the behest of its chief sponsor, North Carolina congressman Patrick McHenry. As you probably surmised, the measure has nothing to do with protecting consumers and is instead a blatant attempt by the payday lending industry’s favorite congressman to revive the discredited and predatory practice nationwide.

Just to give you an idea of the level of corruption that creeps in with some of these "career" lawmakers, McHenry receives around $100,000 from the payday lending industry every election cycle. They may not always be his top contributors, but they are as reliable as the sun coming up every morning. This pay-to-play nonsense is so blatant it has sparked more than one formal complaint filed with the Office of Congressional Ethics:


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