The owner of the state's largest car title loan company has over the past year poured more than $54,000 into Iowa politics, while legislation to place restrictions on the controversial industry has languished.Christopher Rants makes us want to puke.
The amount contributed by LoanMax owner Rod Aycox of Alpharetta, Ga., signals how hard one man is working to keep away new regulations that he contends would cripple his business.
Iowa activists have been trying for the past year to pass legislation to cap the interest rates on car title loans that can reach as high as 360 percent a year. Critics, including Gov. Tom Vilsack and Attorney General Tom Miller, call the practice abusive and say it leads to poor Iowans losing their vehicles, which are put up as collateral.
Top Iowa Statehouse leaders have received campaign contributions from Aycox over the past year, as have some members of a committee that deals with such regulations, state campaign finance records show.
The largest amount — $40,000 — went to a conservative Republican leadership organization with ties to House Speaker Christopher Rants, a Republican from Sioux City, federal records show.
Several House Democrats, including Minority Leader Pat Murphy, received money only to return it after learning more about the industry and the contributor.
What a dirty, filthy bastard you Republicans have running the Iowa House.
Who says that money doesn't buy influence? Rod Aycox, the head of LoanMax, has the crooked Christopher Rants bought and paid for. We documented this last spring.
It should also be noted that Rants essentially started the "Iowa Leadershit Council" by loaning them the money to get started.
So, essentially, the Iowa Leadershit Council just appears to be a way for Rants to funnel huge amounts of dirty money into the state. That fucker belongs in prison.
The Daily Davenport Politics blog is also reporting that Jim Lykam, a Democrat in the Iowa Legislature, accepted $1450 in campaign payoffs from Aycox throughout 2005.
We have no love for My Aycox. His business preys on the dumbest of the poor with outrageous APRs for car-title loans. Aycox even hired race-baiter, Jew-hater, and liar Al Sharpton to do ads for LoanMax late in 2005.
Update: Even the Political Forecast has a post on this issue today. Somehow we suspect that if the Forecast's man was Christopher Rants instead of Chet Culver, he'd be defending Rants's filthy legalized bribery.
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