The WTF news of the day

One week Senator Dodd is raised more than $44,000 from pawnshop owners and payday lenders. The next week, he joins Senator Durbin on the “holier than thou” bandwagon and supports a bill that’s trying to cap rates at 36% across the board.

This does not make any sense. I can see two scenarios:

  1. It’s a PR bill for both of them and has no chance of passing. They could milk this for years.
  2. He let the NY Times and Huffington Post bully him.

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