Let me make it clear about payday advances: Financial Weapons of Individual Destruction

Let me make it clear about payday advances: Financial Weapons of Individual Destruction The Chairman and CEO of Berkshire Hathaway Inc. characterized derivatives as “financial weapons of mass destruction” or financial W.M.D.s during the Financial Crisis of 2008, Warren Buffet. These instruments ended up being enormous wagers put in worthless subprime house loans that have […]