The Government seems to be totally incapable of encouraging the banks to lend and as a consequence of their abject failure in this area we now have a whole new breed of opportunist operating in the loans market place

Businesses such as Wonga have sprung up to fill the void left by banks refusal to lend and 'oh boy' are they avaricious

These are predatory companies with a business model based on extracting as much money as possible from the most vulnerable in society and now they have moved into the business arena

Surely one of the duties of Government is to protect the electorate from 'operators' such as this - most especially as the climate for this type of operation has, in no small measure, been brought about by Governments and their incompetence

So what is the answer?

Well for starters, how about re-introducing the usury laws to curb these organisations - at least placing a cap on their avarice should make them review their business model

Historically usury has always been linked to economic abuses, mostly targeting the poor or most vulnerable in the community and it is a complete disgrace that companies such as Wonga should be allowed to operate in a manner that takes advantage of this sector of the community

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