Friday, May 20, 2005

Minnesota Bench Blunder

Lordy it must be the long winters up there.

In Minnesota at least, the auto dealerships can mark-up the interest rates on loans and don't have to tell the customer when they do it.

So "Truth In Lending" doesn't have to be the truth and jacking up interest rates on car loans without telling people is OK in Minnesota.

According to Judge Randolph Peterson of the Minnesota Court of Appeals, the 4.75% markup Walser Automotive Group tacked on to a 15% Ford Motor Credit loan was not material to the loan.


Y'all up there know you elect these bufoons, right?

The Honorable Judge Roy Bean.

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