Think of it as a payday loan but at a ridiculously good 4 percent interest rate. Thats how the McHenry Elementary School District 15 board explained the more than $11 million it borrowed Tuesday night at its regular meeting.

Color of Money Live (Washington Post)
Personal finance columnist Michelle Singletary hosted a free-for-all discussion about money matters.

TSX ends day down 200 after credit crunch (CTV.ca)
The Toronto S&P/TSX composite index stock fell 585 points Thursday, the biggest drop in six years, before making a slight recovery to close down 200.06 points.

Dist. 15 coffers grow with aid of 4-year loan (Daily Herald)
Think of it as a payday loan -- but at a ridiculously good 4 percent interest rate.

Payday Loan Industry Launches Ad Blitz (Washington Post)
The local payday loan industry has launched an aggressive advertising campaign to try to persuade the D.C. Council to reverse a vote that would limit the fees charged on short-term loans.

Payday loan traps (Baltimore Sun)
Eileen Ambrose -- Personal Finance Aziza Gary grew increasingly uncomfortable.

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