Payday advances: Financial Weapons of Individual Destruction

Payday advances: Financial Weapons of Individual Destruction Throughout the Financial Crisis of 2008, Warren Buffet, the Chairman and CEO of Berkshire Hathaway Inc. characterized derivatives as “financial weapons of mass destruction” or monetary W.M.D.s. These instruments turned into enormous wagers put subprime that is on worthless loans that have been made without reference to the […]