Reply #112: There used to be laws against annual interest rates of 30%. The innumerate don't get...

[arendt]

that at those rates, it isn't a loan; its indentured servitude.

I direct my anger towards the crooks in the financial industry who lobbied Congress for that. I direct my anger towards the corrupt lawmakers who allowed usury to flourish and who allowed bankruptcy protection to be blown away.

Madison Avenue? Why get in an argument with the masters of deceit and spin? They will hide behind their First Amendment rights as corporate people to distort, manipulate, and outright lie (I recall a Nike case about the right of corporate persons to lie. Don't recall the outcome.)

And, don't put words in my mouth. I never said "excusing debt". You want to twist long-standing legal protections (which corporations take advantage of all the time) into some kind of welfare. Spin much?

arendt