4 ms·
27.7% interest rates. Holy shit :-) But that's america I guess. The richer get richer by exploiting the poor. There should be laws on the maximal interest rate
by anotherguy 18y ago
27.7% interest rates. Holy shit :-)
But that's america I guess. The richer get richer by exploiting the poor. There should be laws on the maximal interest rate!
- fallentimes 18y agoNot true at all; wealth is not zero sum. Additionally, there should never be caps on interest rate as long as the lenders are _forward_ about their effective rates. High risk people should always have to pay higher rates, otherwise no one would lend to them in the long-term.
- jrockway 18y agoThere should be laws on the maximal interest rate! There are; here's a google result that may be helpful: http://www.lectlaw.com/files/ban02.htm http://www.lectlaw.com/files/ban02.htm