John C. Bersia
“No knee-caps get broken, but – in a manner of speaking – lots of backs do. The charges are more than the poor can bear.”
In his Pulitzer Prize winning editorial series, John C. Bersia attacks payday loans and other “predatory lenders” that exploit the poor…
In the series entitled Fleeced in Florida, Bersia refers to payday lenders as “legal loan sharks” and attacks industry claims that the high risk nature of the loans justify the exorbitant fees:
The fringe lenders… defend their practices by pointing out the risks they take. They say they stay open long hours in neighborhoods that banks have abandoned, dealing with people who have credit problems and who may not pay back the money at all. It seems plausible enough – until you stop to wonder why, if the risk is so great, those businesses are proliferating into empires.
John C. Bersia writes for the Orlando Sentinal and was awarded the 2000 Pulitzer Prize for Editorial Writing for his passionate editorial campaign attacking predatory lending practices.
Source: Fleeced in Florida by John C. Bersia (The Orlando Sentinel)
Recent Posts:
- 07/12/2011: Expanded Contact Info Page
- 06/11/2011: Internet Crime Complaint Center (IC3)
- 05/18/2011: Added Full Contact Info Page
- 05/15/2011: Payday Loan Site Traffic Comparison Update – May 2011
- 05/10/2011: IP Ban for Ratings Abuse
Random Posts:
- 02/02/2007: Paul Belanger
- 08/24/2006: Professor Chris Robinson
- 11/25/2007: Doctor Lawrence I. Gould
- 08/23/2006: Terry Scott
- 08/24/2007: Leonard Toyer
a WordPress rating system