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ThomWV (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 03:51 PM Original message |
Poll question: No Loan Should Be Legal In The USA If Its Interest Rate Is Above |
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jpgray (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 03:51 PM Response to Original message |
1. What was the original impetus for the former 10% limit? |
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lurky (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 03:54 PM Response to Original message |
2. Was there ever a federal usury law? |
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Tangerine LaBamba (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 04:14 PM Response to Reply #2 |
3. I believe it was always state |
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Cairycat (454 posts) Send PM | Profile | Ignore | Sat Sep-20-08 04:29 PM Response to Original message |
4. I voted for 10% because |
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southerncrone (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 04:45 PM Response to Reply #4 |
7. Excellent poin since we MUST now cowtow to the Christian theology & claim to be a Christian nation! |
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Sebastian Doyle (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 05:24 PM Response to Reply #7 |
15. But Christian theoology says you shouldn't charge interest at all. |
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southerncrone (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 05:26 PM Response to Reply #15 |
17. Yes, there was that little ditty about throwing the "money changers" out |
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Kurt_and_Hunter (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 04:34 PM Response to Original message |
5. Your failure to specify a rate of inflation makes this a joke poll |
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shraby (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 04:41 PM Response to Original message |
6. It should be keyed to the interest rate that is |
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SmokingJacket (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 04:46 PM Response to Reply #6 |
8. Exactly. The difference between what I earn on my CDs |
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mudesi (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 04:56 PM Response to Original message |
9. I said no limit |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 04:56 PM Response to Original message |
10. The lower the limit, the fewer people that will get loans |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 05:05 PM Response to Reply #10 |
11. When I was a kid there were loan companies all over the place at 10% |
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LBJDemocrat (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 05:08 PM Response to Reply #11 |
12. If you lower the interest rate limit, fewer loans will be given |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 05:15 PM Response to Reply #11 |
13. Loan companies will not absorb excessive risk |
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morgan2 (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 05:17 PM Response to Original message |
14. if ever there was a limit it would have to be linked to inflation |
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jesus_of_suburbia (1000+ posts) Send PM | Profile | Ignore | Sat Sep-20-08 05:26 PM Response to Original message |
16. I thought 10% before I even clicked on the topic and read the responses... |
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DU AdBot (1000+ posts) | Sat May 04th 2024, 06:48 AM Response to Original message |
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