For exceptional achievement in ignoring market realities and promoting policies that backfire spectacularly.

For exceptional achievement in ignoring market realities and promoting policies that backfire spectacularly.
Tara Jaramillo’s payday lending scheme didn’t happen despite New Mexico’s interest rate cap: it happened because of it, with a little help from Fred Nathan and the price-fixing crusaders at Think New Mexico.
A public bank is a forced gamble with taxpayer dollars that ignores market realities, mandates risky lending, and risks compounding the damage caused by the artificial credit crisis created by New Mexico’s interest rate cap.