'For Profit' Vs. 'For People'

Within 48 hours of Ohio Gov. Ted Strickland signing House Bill 545 — characterized by many groups as the "country's strongest payday lending reform law" — the payday lending lobby mobilized to fight it. But Ohio voters embraced reform by a wide margin, passing Issue 5 63-37 percent. Payday lenders were singled out with this law, but the national mortgage financial crisis has also raised the question of how banks and other financial institutions earn their big bucks.