A few days ago, the John Deeth blog had a post that mentioned an AP story about how legalized loansharker Rod Aycox has contributed hundreds of thousands of dollars to politicians in Iowa to keep his car title loan scam above the law.
While the Mike Glover/AP story relies on Iowa House Democratic leader Pat Murphy to paint Republicans in a bad light, particularly Christopher Rants (and Rants deserves it), the story didn't mention anything about Rod Aycox's 2006 efforts.
Over at FollowTheMoney.org, here's Rod Aycox's contributions to politicians for 2006. I'm not sure exactly what the negative amounts are, although I suspect they're returned contributions because Pat Murphy's name is listed.
As you can see, a lot of Republicans AND Democrats took money from Rod Aycox and didn't return it. Most notably is Republican gubernatorial candidate Jim Nussle.
I don't understand why politicians from either side of the aisle think charging 200% to 300% interest rates to poor people is acceptable.
Some Republicans are generally thought of as fiscal conservatives, but there's nothing fiscally conservative about allowing people to put their car title up on a $750 junker in exchange to buy Christmas presents, go gambling, or buy drugs.
Some Democrats are generally thought of as a champion for the little guy, but "easy credit" to the tune of 360% APR and the possibility of losing their car to the repo man doesn't help their situation out any.
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