Thoughts 29 Mar 2007 07:01 am
AB478 formerly Buckley
This is a list of sponsers for this bill:
Buckley , Anderson , Oceguera , Conklin , Leslie , Carpenter , Denis , Gerhardt , Grady , Hardy , Hogan , Kirkpatrick , Koivisto , Mabey , Manendo , McClain , Munford , Parks , Parnell , Pierce , Smith , Amodei , Coffin , Titus.
The names in bold are the primary sponsers, the others are there as supporting this bill. Which means it will pass the assembly and the only hope, not much, but some, is in the Senate.
As I see it, Ms Buckley sees herself as St. George slaying the dragon, while I see her as Tomás de Torquemada “saving” the non-Catholics by way of the Inquisition.
She is going to save these poor peasants from themselves no matter what it costs them. She seems to have no concept of finding what’s broken and fixing it. Instead she lashes out, and decides that she knows what needs to be done, even if it puts the very people she thinks she’s defending in a completely untenable position.
Rather than allowing people with less than perfect credit access to installment loans, whereby they pay both principle and interest and have the loan paid off by the end of the term, she sees the abuses in the system. Her response to the situation is instead of trying to repair the problem, to eliminate the possibility of those consumers ever being able to get out of the mess they’re in.
Leaving only the banks to do installment lending and the people who need the money the most, out in the cold.
The way the system works is that those who sponsered the bill talk first, then their supporters, and any opponents come up last.
I found out something interesting, Babs is pissed about balloon payments, and yet she’s forcing people into a position where they will have to make a balloon payment.
Dear old Babs ran roughshod over anybody who dared to have an opinion that didn’t agree with hers, but reports have it that she’s not very popular in the Senate, so there’s hope.