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Reply #29: Retroactive Penalties for Usury Crimes! [View All]

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NAO Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 01:31 PM
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29. Retroactive Penalties for Usury Crimes!
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  -I would like to see a reinstatement of our Usury Laws Winterblues  Sep-19-08 10:24 AM   #0 
  - me too  Joanne98   Sep-19-08 10:26 AM   #1 
  - Fun to think about, but will never, ever happen. "they will steal the"pennies" from our eyes.  rubberducky   Sep-19-08 10:26 AM   #2 
  - I agree. nt  Phoebe Loosinhouse   Sep-19-08 10:28 AM   #3 
  - That's only part of the problem.  El Pinko   Sep-19-08 10:31 AM   #4 
  - Did the companies make you use the card?  DangerDave921   Sep-19-08 11:47 AM   #17 
     - I didn't blame the company. I said there should be regulations preventing excessive lending.  El Pinko   Sep-19-08 11:54 AM   #18 
     - lending was not deregulated  DangerDave921   Sep-19-08 12:05 PM   #19 
        - That may be so, but I won't be among them.  El Pinko   Sep-19-08 12:25 PM   #22 
           - agreed  DangerDave921   Sep-19-08 12:41 PM   #27 
     - But there are laws regulating how she can re-act over it  Winterblues   Sep-19-08 12:36 PM   #26 
  - Actually anything over 7% should be considered usury  shraby   Sep-19-08 10:34 AM   #5 
  - I used the ten percent figure because that is what was the law in the past.  Winterblues   Sep-19-08 10:38 AM   #6 
  - I wonder if Jesus ever said anything about Usury?  Winterblues   Sep-19-08 10:39 AM   #7 
  - Nah. I am sure Jesus is too busy deregulating and hunting moose.  jakem   Sep-19-08 11:00 AM   #10 
  - (lol!) Indeed ... ANY interest charge is 'usury' according to Jesus.  TahitiNut   Sep-19-08 12:31 PM   #24 
  - Pardon my language, but why the FUCK do we allow them to charge interest at all??  An Intellectual   Sep-19-08 10:42 AM   #8 
  - So they'll lend us money, silly  Warpy   Sep-19-08 10:58 AM   #9 
  - I see your point. However...  An Intellectual   Sep-19-08 11:16 AM   #11 
     - Loan sharking does exist in poor countries  Warpy   Sep-19-08 11:38 AM   #14 
  - What?  DangerDave921   Sep-19-08 11:44 AM   #15 
  - Maybe the government should be lending instead? We have to stop thinking of everything in terms...  An Intellectual   Sep-19-08 12:27 PM   #23 
     - Profit is the lynchpin of transactions  DangerDave921   Sep-19-08 12:34 PM   #25 
  - Wow.  yibbehobba   Sep-19-08 01:35 PM   #30 
  - Federal usury laws were gutted in 1978  SOS   Sep-19-08 11:21 AM   #12 
  - Under Carter??? I thought they were killed under Nixon.  Winterblues   Sep-19-08 11:28 AM   #13 
     - It was the Marquette SC decision of 1978  SOS   Sep-19-08 11:46 AM   #16 
        - How long had States been able to set rates higher than federal rates?  Winterblues   Sep-19-08 12:18 PM   #20 
  - The problem with usury laws  MathGuy   Sep-19-08 12:23 PM   #21 
  - excellent points  DangerDave921   Sep-19-08 12:44 PM   #28 
  - Retroactive Penalties for Usury Crimes!  NAO   Sep-19-08 01:31 PM   #29 
  - Is this satire? n/t  yibbehobba   Sep-19-08 01:38 PM   #32 
  - So would I. Prime rate 2% and some credit cards charging 27%?  JDPriestly   Sep-19-08 01:37 PM   #31 
 

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