Wednesday, June 29, 2011

North Carolina Legislator Was For Usury Before He Was Against It

On June 2, the North Carolina Legislature voted on a bill to allow interest rates of up to 50% on short term loans from Consumer Finance companies.  Most Republicans voted for the bill (surprised?) including Assembly Speaker Pro Tem Dale Folwell.  Then two weeks later Mr. Folwell caused his vote to be changed (That did not effect the outcome, the bill died a well deserved death. )

Mr. Folwell saidHe just felt bad about his original vote and wanted to change it.”  In the same story a reporter said “Folwell is widely rumored to be considering a 2012 run against Democratic State Treasurer Janet Cowell”

You do the math.

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