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To: reaper who wrote (163552)	5/3/2002 10:28:20 AM
From: Oblomov	Respond to of 436258

Reaper, I find these businesses to be as distasteful as you do. The fact is that many poor people do not trust banks (this view is largely hereditary, as with poverty itself), and they do not regard their friendly payday lender to be a "bank". I do not think that the solution to this problem is more legislation -- pro bono financial training should be offered by banking institutions and financial planners. In fact, I (not a certified financial planner) have conducted such training over the past several years. Poverty is in many cases a result of a series of unfortunate events - in many cases a result of bad habits or ill-informed decisions. We can't legislate away bad luck or bad habits. Desperate people will simply find themselves in the grip of the loan shark once again - and with loan sharks, bankruptcy court provides no recourse.

To: reaper who wrote (163552)	5/3/2002 10:30:42 AM
From: smolejv@gmx.net	Respond to of 436258

>>bad credits should not be lent to<< ...and the government decides on what credit is good and what's bad? Just think what kind of pork-barreling opportunity this would be. Re the sorry mother of seven, paying through her nose for 10 grand loan - I guess there's horror stories from the other side of the mirror: the risk IS a cost factor. But...this has been said already a few times. dj

To: reaper who wrote (163552)	5/10/2002 12:41:20 PM
From: orkrious	Read Replies (2) \| Respond to of 436258

Herb Greenberg AmeriCredit Takes a Hit 5/10/02 12:35 PM ET Heads up: AmeriCredit (ACF:NYSE) taking a hit today after big bull Robert Hottensen of Goldman Sachs issued a report "reiterating our constructive view on ACF and $50, 12 month target price." At the same time, however, he noted that "near-term ACF news flow is likely to prove less definitive than it has been in recent months." He also said that Monday's report of monthly trust data is likely to be in line with expectations of high loss levels. But he then adds: "We view these trends as somewhat ambiguous as they are broadly consistent with expectations and leave plenty of clearance on cash trapping triggers, but don't settle any questions regarding credit quality or cash flow." DON'T SETTLE ANY QUESTIONS REGARDING CREDIT QUALITY OR CASH FLOW? If you didn't know better you'd think he was trying to subtly talk the stock down or give a subtle warning of sorts.