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Personal Finances / Living Below Your Means


Subject:  The antithesis of LBYM Date:  5/12/2004  9:25 AM
Author:  Joke3MD Number:  522454 of 902463

Saw this article today...reminded me again why we should be happy to have discovered the Fool.

The gist is that investors are lining up for an IPO of a company that specializes in offering "Payday Loans" at outrageous interest rates, usually to the working poor.

Many people on this board and others came from similar situations as the people described in this article, but made much better financial decisions.

Perhaps the country would be better served if such businesses weren't legitimized?
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