Thread: Deaaamn! Credit Card Companies Can Charge 40%?
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Old 06-08-2006, 03:39 AM  
Paul Markham
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Join Date: Jun 2001
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Quote:
Originally Posted by Greg B
Y'know, there used to be Usury Laws on the books but I believe Nixon's people got rid of them. It prevented oppressive interest rates. Now we have a $2.2 Trillion Dollar debt with Americans. Mathematically you can never pay that off. China and other foreign powers buy that debt up thinking they'll collect. There's no way in hell you can collect on money that large. The interest rates put it out of range given a lifespan of 70 years.

Now the new bankruptcy laws don't protect you either? Yer fucked!
You don't think they know that?

They are in a situation that if they cut off the loans, the US citizens will stop buying their goods and they will be have millions of unemployed people on their hands.

Where and when it stops is anyones guess.
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