"F. George McDuffee" wrote in
message ...
On Sat, 03 Jan 2015 12:49:57 -0800, mike
wrote:

snip
Anything that rakes in money without also producing something
or transporting something or facilitating something is not
an investment.
/snip

An example of this in action at the most basic level.
http://tinyurl.com/q5zvjhz
A title loan sounds like a lifeline for someone who needs
quick cash, but these financial institutions are charging
exorbitant interest rates, ranging from 80 percent to 500
percent per year.
snip
"For many borrowers, title loans, also sometimes known as
motor-vehicle equity lines of credit or title pawns, are
having ruinous financial consequences, causing owners to
lose their vehicles and plunging them further into debt,"
according to the Times.
snip
The Gazette article cited data from the Center for
Responsible Lending, in Durham, North Carolina, that showed
one in six of the loans ends in repossession of the vehicle.
snip


--
Unka' George

We need a public institution kids will be forced to attend that
teaches them to be responsible adults.