Bailout Boy Now "Monetizing Poor People"
Timothy Geithner is cashing in on predatory payday loans. Cenk Uygur, host of The Young Turks, breaks it down. TYT now has a full audio network! Listen at http://TYT.com/audio
"Private lending firms prey on low-income Americans who are often pushed further into poverty after taking on high-interest loans.
One of those firms, Mariner Finance, is owned by a private equity fund run by Warburg Pincus, a New York firm, The Washington Post reported Monday. That firm is headed up by former Treasury Secretary Timothy Geithner, who, while working in the Obama administration, said that predatory lenders were unfairly sticking vulnerable Americans with "absurdly complex and opaque" agreements that were purposefully risky.
Geithner's previous condemnations of lenders like Mariner Finance hasn't stopped them from rapidly expanding their efforts to target cash-strapped people. The Post reports that Mariner sends out unsolicited checks with interest rates of up to 36 percent in a "loans-by-mail" program. After specifically targeting people with low credit scores, the firm will aggressively go after borrowers in collections, suing them and demanding that they pay the cost of Mariner's lawyers.”*
Read more here: http://theweek.com/speedreads/782605/former-treasury-secretary-timothy-geithner-once-condemned-predatory-lending-firms-now-helps-run
Hosts: Cenk Uygur
Cast: Cenk Uygur
***
The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. http://www.tytnetwork.com/live
Subscribe to The Young Turks on YouTube: http://www.youtube.com/subscription_center?add_user=theyoungturks
Like The Young Turks on Facebook: http://facebook.com/theyoungturks
Follow The Young Turks on Twitter: http://twitter.com/theyoungturks
Buy TYT Merch: http://www.shoptyt.com
Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at http://www.tytnetwork.com/join/. Your membership supports the day to day operations and is vital for our continued success and growth.
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
Видео Bailout Boy Now "Monetizing Poor People" канала The Young Turks
"Private lending firms prey on low-income Americans who are often pushed further into poverty after taking on high-interest loans.
One of those firms, Mariner Finance, is owned by a private equity fund run by Warburg Pincus, a New York firm, The Washington Post reported Monday. That firm is headed up by former Treasury Secretary Timothy Geithner, who, while working in the Obama administration, said that predatory lenders were unfairly sticking vulnerable Americans with "absurdly complex and opaque" agreements that were purposefully risky.
Geithner's previous condemnations of lenders like Mariner Finance hasn't stopped them from rapidly expanding their efforts to target cash-strapped people. The Post reports that Mariner sends out unsolicited checks with interest rates of up to 36 percent in a "loans-by-mail" program. After specifically targeting people with low credit scores, the firm will aggressively go after borrowers in collections, suing them and demanding that they pay the cost of Mariner's lawyers.”*
Read more here: http://theweek.com/speedreads/782605/former-treasury-secretary-timothy-geithner-once-condemned-predatory-lending-firms-now-helps-run
Hosts: Cenk Uygur
Cast: Cenk Uygur
***
The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. http://www.tytnetwork.com/live
Subscribe to The Young Turks on YouTube: http://www.youtube.com/subscription_center?add_user=theyoungturks
Like The Young Turks on Facebook: http://facebook.com/theyoungturks
Follow The Young Turks on Twitter: http://twitter.com/theyoungturks
Buy TYT Merch: http://www.shoptyt.com
Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at http://www.tytnetwork.com/join/. Your membership supports the day to day operations and is vital for our continued success and growth.
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
Видео Bailout Boy Now "Monetizing Poor People" канала The Young Turks
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Panelist on Russia controversy: This is like birtherismPro-Trumpers Vs. Ex-Trumpers Gets HEATEDRepublicans Running Away From Their Billionaire Tax CutsJon Stewart's Big Win in 2019Black Guy Stopped By The Cops – You Will Never Believe What HappenedWhy Democrats' 2020 Candidates Are Already LosersTrump vs Google, AT&T layoffs and outsourcing, Trump friend resignsTrump Makes A Complete Fool Of HimselfRussia Paying Republicans To Spread Anti-Gay Propaganda?Adam Schiff Proves Democrats Can Fight"Self-Made" Billionaire vs Average MillennialsFox News VICIOUSLY Attacks US MilitaryCenk Uygur vs Tucker Carlson at Politicon 2018Paul Ryan's Not Even Hiding It AnymoreAlex Jones' Conspiracy Theory BACKFIRESTrump Tries To Bury DEVASTATING Poverty Report (Fails)Eric Trump Rescues ChristmasNYT: Donald Trump Has Known Vladimir Putin Ordered Hacks Since January 2017 | The 11th Hour | MSNBCCan You Guess the Fake Conspiracy Theory?Trump’s Money Man FLIPS; Even A Majority Of Republicans Want Medicare For All