New Blog and Rumors for Topinka

I’ll be adding three new blogs to the blogroll that are Illinois-centric. The first is Jeff Trigg, the Exec Director of the Illinois Libertarian Party. The blog is his personal one to make it clear. I recommend you take a look around–he has some great stories and a very good understanding of Illinois politics. And truth be told, Illinois Libertarians have a great sense of humor.

He is reporting that Judy Baar Topinka, head of the Illinois Republican Party and State Treasurer, is being investigated by a federal grand jury.

Let me also recommend his post on the Drug Czar getting the power to spend tax money defeating drug decriminalization/legalization referendums.

Dog Bites Man:Payday Lenders Skirt Rules

In one of the least surprising elements it turns out that payday loan companies are skirting recent regulations in Illinois by increasing the length of loans by one day,

Illinois regulations aimed at reining in the fast-growing but controversial business of payday lending have proven ?virtually irrelevant? as the lenders find ways to skirt the rules, a draft study by state financial regulators says.

The preliminary report by the Illinois Department of Financial Institutions (DFI) shows that the state?s more than 800 licensed payday-loan locations are avoiding state-imposed limits on how much they can loan to an individual and how many times they can refinance a loan.
The rules apply to loans with terms of 30 days or less; lenders are dodging the restrictions by writing loans of 31 days, the report says. Before the rules were instituted, the standard payday loan?designed to tide over strapped borrowers until their next paycheck?came due in 14 days.

The regulations, issued in 2001 by the DFI over industry objections, were hailed at the time as the first substantial oversight of Illinois? payday lenders. They barred lenders from ?rolling over,? or refinancing, a loan more than twice and required that at least 20% of the outstanding principal balance be repaid when a loan is refinanced.

But today, the industry operates nearly as freely in Illinois as it did before the rules, the DFI report indicates.

?They were dead on arrival once they were promulgated because of what the industry did in reaction,? says Alan Alop, deputy director at the Legal Assistance Foundation of Metropolitan Chicago, which gives free legal advice to indigent Cook County residents. ?I?ve never seen a payday loan since those rules were issued that fell within the purview of the rules.?

It’s One of those Days

Jim Bakker is back!

When Bakker told CNN interviewer Larry King shortly after his release in 1994 — the original sentence having been reduced — that he would not do television again, "I meant what I said," Bakker said. "When you put your hand in a fire and get burned, the body reacts to that, and it remembers that. What I had been through had been so painful that I could not imagine doing it again."

He added: "For years I set about to do a number of other things, but I could not get away from what I feel God called me to do, anointed me to do, and that’s Christian television."

"The New Jim Bakker Show" has been made possible largely due to one benefactor whose marriage was healed at Heritage USA — Bakker’s former Christian resort — years ago. Dee and Jerry Crawford own the studio-café, the small hotel across the street and the home where the Bakkers live.

But there are still financial struggles. "I had hoped I could do this without raising money on the air, but airtime is so expensive," Bakker said. "Many stations gave us a few months for free or at a reduced rate to get us started, but now we have to generate the money needed to keep us on the air."

For former PTL producer Gene Bailey, a media consultant for the new show, "it’s like going through a time warp. Everything that was good about the old ‘PTL Club’ is back — without the hype and the glitz."

I’m just unsure what the good was besides the hyperbolic hype and glitz.

Speaking of the Religious Right

CalPundit already got a sneak peek of this week’s Kevin McCullough column.

McCullough argues that conservatives are too accepting of homosexuals and seems to pay an awful lot of attention to gay people. In Kevin’s comments a couple shots are taken at McCullough’s knowledge that normally I would find distasteful. First, there is nothing wrong with being gay so if McCullough was gay, that really is more of an embarrassment to gay men. On another level it sounds childish, sort of like if a columnist made fun of Steve Neal being a drunk.