CNBC Bonus Bucks Trivia: According to Rebecca Darst, what “slammed” the Pawn-and-Payday firms?
Posted on Tuesday, May 13th, 2008 | In Current Market News, Stocks to Watch
Contributed by: William A. Trent (http://stockmarketbeat.com) -
According to Rebecca Darst, what “slammed” the Pawn-and-Payday firms?
Fears are on the rise that state legislatures, alarmed by the short-term interest rates typically charged by these companies, may move to curtail the industry, Rebecca Darst of Interactive Brokers said on CNBC’s “Squawk Box.” Just this week Ohio made such a move.
“All the payday-loan companies, the companies that operate these sort of franchises in states around the country, they just got slammed yesterday, and I think the reason is that we’re suddenly alarmed by the sort of wham-bam legislation,” she said.
Last 5 posts by William Trent
- Capacity Utilization - August 16th, 2009
- Corporate Profits - July 12th, 2009
- Capacity Utilization - April 18th, 2009
- Another Record: Capacity Utilization - April 2nd, 2009
- Record Territory - March 27th, 2009
 About William A. Trent (http://stockmarketbeat.com)
Stock Market Beat editor William A. Trent, CFA, has been an equity analyst since 1996 and is co-author of Understanding and Evaluating Prospectuses, Offering Documents, and Proxy Statements. His experience includes stints with institutional investors responsible for more than $70 billion in assets and covers all market-cap sizes. Sector concentrations have been within the TMT (Telecom, Media and Technology) and Transportation sectors. He is also the senior editor of Financial Education. He is available for freelance writing and consulting projects and can be contacted here. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.