To: 1_Of_We
Interest over 10 percent was considered usury.When Carter torpedoed the economy and rates went over 10 percent then the laws had to be repealed.
14 posted on
03/07/2007 6:27:16 PM PST by
Farmer Dean
(Every time a toilet flushes,another liberal gets his brains.)
To: Farmer Dean
Ten percent is below the threshold of market forces at certain times - but 24.99% is way more than seems fair. Honestly, if you're going to define "usury" somewhere in the 18% range is probably adequate.
26 posted on
03/07/2007 7:17:37 PM PST by
RockinRight
(My wish for Islam - The Glass Parking Lot Formerly Known As The Middle East.)
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