DISQUS

OpenMarket.org: Market down on bailout — Don’t compound damage with overregulation of ‘Main Street’

  • Nancyf · 1 year ago
    Oh yeah, buddy, you gonna get it now!
  • Lisa_P · 11 months ago
    For a variety of reasons, people may find it hard to pay for their medical obligations. During these time, people find short-term installment loans to be a neccessity. The American system of economics and of medicine are both in great periods of constraint. Regulation has hampered access to medical care and to financial options, such as short term installment loans. For emergencies, there should still be options open for both medicine and for finances. The Physician’s Foundation recently released survey information where 78% of those surveyed responded that there are already too few family practitioners, and half of those surveyed are frustrated and angry with both government and HMO regulation and are looking to close their practices. As the population grows, the doctor to patient ratio is diminishing, and it will reach a breaking point. In a similar manner, if bank and government regulation find a way to eliminate the only other legal alternative option to short term emergency financing – short term installment loans – then the consumers will be stretched to the breaking point. Already many are too far in debt with credit cards, and no one wants to seek out a loan shark. Studies have been showing conclusively that the absence of payday installment loan lenders has only produced negative impact, such as the one by Jonathan Zinman, Assistant Professor of Economics at Dartmouth College. Doctors and consumers should be contacting their representatives and establishing their right to put their decisions over their finances and their health in their own hands, where it belongs.

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