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IN Old Europe it was illegal for a money lender to charge more then 10% on any loan.
These days people are paying over 25% interest on multiple credit cards and in some cases people are paying over 20% on a devalued home as they are unable to find anyone to carry the loan at a better rate! We are talkin 20% interest on fucking 300K houses! The fucking scum bag Bankers and Mortgage companies fucking knew this shit well the fuck before hand!
Ya goto say WTF? Not just blame the card holders either and people that bought a home that have a fucked interest rate, many Card Holders get a good introductory rate that mysteriously climbs and they are not even climbing from late payments or failed payments!
The Motgage Industry began treating buying a home like the credit card industry treats credit card holders. And thats total shit as a business practice on thier parts.
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