[Karen37a]

this bill is a done deal and is going to pass. Unfortunately other states now have something they can use as a model and this is where we as an idustry can get screwed.. California has always been a harder state to get deals done in because a lot of companies require a lending license, thesn't kill us.is bill passing will not have a huge affect on the industry. Where we will have a problem is if this bill becomes the model for other states to use for their own regulation. This is why it is important to have a voice in the room fighting so that any legislation that does pass in terms of regulation do. Anyone who thinks there wont be more bills like this in the future in other states is kidding themselves.

This is why it is important to have a voice in the room fighting so that any legislation that does pass in terms of regulation do

there were three major voices who went to the legislation to give their opinions

1) That I have been disagreeing with from the start

2) I was neutral on

3) I don't like their rates but side with them ( because I do not want regulation)


the # 1 created this and thought it would knock D paper out...and we do not have to see me repeat myself again...I said it wouldn't just knock D paper out


So what are you supposed to do when all sides don't agree? Type word salad like I did because they can see this.

Unfortunately what I have found on wall st is the ones who are really book smart...have no street smarts, And for some reason cannot see the negative consequences until after the fact. The too street smart ones do not give a crap ...and the people in the middle suffer


Everyone have a great weekend and Happy Rosh Hashanah to those who celebrate