WBEZ | credit http://www.wbez.org/tags/credit Latest from WBEZ Chicago Public Radio en Payday loan store or loan shark? http://www.wbez.org/episode-segments/%5Bfield_program_ref-title-raw%5D/payday-loan-store-or-loan-shark <img typeof="foaf:Image" src="http://llnw.wbez.org/dollar wise AP Ted S. Warren.jpg" alt="" /><p><p>President Obama&rsquo;s State of the Union was in large part about the state of our economy and the need to create jobs. With so many struggling, it&rsquo;s no wonder that payday loan stores have become as familiar and frequent a sight as the corner tavern. But what should be made of the business they do? Do payday loans help people who can&rsquo;t get money any other way? Or are they a diabolical debt trap?</p><p>&nbsp;</p><p>Robert Mayer has the answer to those questions and more in his new book <a target="_blank" href="http://www.amazon.com/Quick-Cash-Story-Loan-Shark/dp/0875804306"><em>Quick Cash: The Story of the Loan Shark</em></a>. When <em>Eight Forty-Eight</em> spoke to Mayer, he began by talking about the large role Chicago has played in the history of the industry.</p><p><em>Music Button: Ray Charles, &quot;Busted&quot;, from the CD Ultimate Hits Collection, (Rhino)</em></p></p> Wed, 26 Jan 2011 15:43:00 -0600 http://www.wbez.org/episode-segments/%5Bfield_program_ref-title-raw%5D/payday-loan-store-or-loan-shark