Last weekend, usury boss Chuck Brennan warned that we'd be party-poopers if we dared to pass an initiative to cap lending rates at 36% and effectively put him and other payday lenders out of business.
It turns out that was just a political head fake. Brennan announced yesterday he's having to postpone "Chuck's Kegger," his proposed Ribfest-challenging chili-and-music festival, not because of political pressure, but because he couldn't get his groups in a hoop:
Brennan said the inaugural Chuck's Kegger would be delayed and attributed the delay to scheduling problems with performers.
"Everyone is on board with the project but artists' schedules are hard to predict and the stars have not quite aligned yet," Brennan wrote in a statement posted Thursday on the event's website. "We appreciate the avalanche of support that we have gotten on the kegger and I'm sure there will be more news to come."
Planning for the event had been underway for around six months and included a website, logo, ticket prices and informational packets.
It's unclear when Chuck's Kegger will now occur, if ever.
Brennan did not return a call for comment Thursday [David Montgomery, "Week After Announcement, Rock Festival Delayed," that Sioux Falls paper, 2014.12.19].
Oh, yeah, announce your music festival before you ink the musicians—brilliant.
Poof goes one empty threat from the nervous usury industry. Keep your eyes open for more as the interest-rate initiative gets rolling in 2015.