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The Chairman and CEO of Berkshire Hathaway Inc. characterized derivatives as “financial weapons of mass destruction” or financial W.M.D.s during the Financial Crisis of 2008, Warren Buffet. These instruments ended up being enormous wagers put in worthless subprime house loans which were made without reference to the borrower’s income or creditworthiness and later offered to …

Payday loan providers’ prime customers have actually long been folks that are poor military workers. Payday loan providers utilized to setup store merely at night border of military bases, gouging troopers and their households. A 2007 federal law capped annualized payday-loan curiosity at 36% for energetic-duty service personnel and their families to cease the observe. …

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