What will it take to stop the economic destruction by subprime lenders?

As small business owners across America layoff their employees, and one business after another goes under, consumers continue to dramatically reduce their spending, and in more general terms, America is heading into the deepest recession anyone has seen for many many years.

Even with the trillions of dollars the government are trying to pump into the financial system, clearly there is no easy fix to the great havoc and economic destruction the Sub Prime mortgage industry has brought down upon the heads of all types of Americans, lower, middle and upper class are all suffering from the current economic crisis.

For those of you who do not yet know, you can read about how the sub prime mortgage industry caused todays economic crisis and recession by clicking here.

During times of great economic crisis there is always great opportunity too, with stock prices lower then they have been in many years, and house prices across the country (yes, even new york city now) tumbling, for those that have plenty of capital to invest, and can wait 5-10 years for a nice return on investment, this is the time to buy buy and buy some more.

But most of us do not have large amounts of capital to play with, and one would think that with all the ugly truth about where the sub prime mortgage lending has taken us & the major global financial crisis it has caused, now very much in the open, the massive government interventions and bailouts, the anger of Main St towards Wall St, and the level of unemployment rising rapidly, someone would put an end to the types of lending practices that got us into this horrible and painful mess, right?!?

Well unfortunately a very dangerous type of predatory sub prime financing that is sucking the last drops of blood out of the many small and medium American businesses during this very difficult time, is very much alive and well.

As the major banks  have dramatically reduced their lending to businesses, the MCA Merchant Cash Advance industry now has the opportunity to not only lend to small, desperate, and very weak businesses that do not understand the most important financial numbers that rule their businesses viability & ability to survive, but also to expand their potential customer base to bigger and more financially stable businesses as they struggle and face the toughest financial & emotional business choices in many years, to get the cash they need to meet payroll and cover cash flow shortages.

So, while only a few MCA lenders have shut their doors, others boast of moving into larger spaces, "rapidly growing organization experiencing a 300% growth in staff size in the last 12 months."  Some are hiring additional sales and back office staff to handle the increase in demand, and others are implementing default interest rate increases on all new loans to merchants by 200-300 basis points just because they can.

So while America deals with great economic pain and difficult decisions, others rejoice in their ability to get richer (as long as this lasts for them - it will not last long term) and take further advantage of small and medium businesses, whilst the government and the people of America sit back and do nothing to stop the very type of lending poison that has already killed so many great American businesses and jobs.

What will it take to stop this destruction of our entire economy by subprime lenders?