Debtors' Prison Is Back -- and Just as Cruel as Ever

Daily Finance.com ^ | 8/30/2012 | Ross Kenneth Urken

[GeronL]

I figured it’d be the lib-RINO’s who would bring back debtors prisons

[GeronL]

135% interest??

That is probably the annual rate, but the loan term is probably for 2 weeks.

[GeronL]

I bet no poor farmer could get a good loan around the year of the Jubilee.

[Bikkuri]

Yup.. pathetic, isn’t it?! :/

[Nowhere Man]

Don’t forget to mention they also take away the drivers license and passport... If the man lives in a city with no public transportation, that is a nightmare :/
(Or are overseas.. you end up stuck overseas because you can’t make the money to go back to the states).

As the rule goes, "the more laws you make, you make more criminals." I think Ayn Rand said it but in many more words. That is plain wrong, many times without a driver's license, you're screwed unless you drive illegally, I've known people who just say "fudge it" and have done this.

[Nowhere Man]

One more thing, all you will do is create more types of situations like you see in the 1994 movie, “Falling Down,” one of my favorites.

[Jotmo]

Yes. Doing Okay now.

Thanks