You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #12: But they really defanged it in other areas [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
jmowreader Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-24-04 06:01 PM
Response to Reply #8
12. But they really defanged it in other areas
In the old days, servicemembers had a lot of protection against creditors. The theory was, soldiers are generally unsophisticated creatures who come from small towns and who haven't previously been exposed to loansharks of the kind who shoal around army bases. Therefore, to prevent the troops from signing over their paychecks to people who sell them cars with cracked blocks at usury rates, there were protections that made it kinda unprofitable to sell stuff to army guys on credit.

The credit industry finally got the political muscle to push through a lot of relaxations of the restrictions. Now you can go up on Bragg Boulevard, or the road outside any base, and find "Buy Here Pay Here Everybody Rides No Credit Check" car lots, "Easy Credit Car Stereo," and a host of other companies who don't accept cash.

And now half the 82nd Airborne signs their paychecks over to people who sell them cars...but the provost marshal is now very conscientious about putting the ones who furnish cars with cracked blocks on the off-limits list.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC