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Usury laws??? excon 12/07/04

    Hello sperts:

    When I was in the Navy, you would get into big trouble if you lent money for interest. Typically, a lender would loan $5 for $6 back. It was expensive, but still less so than the “legal” money lenders that line the sidewalks outside all military bases and are “ripping” off our boys.

    What happened to usury laws?

    excon

      Clarification/Follow-up by jocase on 12/07/04 12:01 pm:
      I misunderstood the question. I thought "What happened to usury laws?" meant did they still exist?

      I agree, the laws are written for lenders.
      I don't know why we let a lot of things happen.

      Why do we not make more of an effort to help men and women who come back from war?

      Why do we let insurance companies not pay for my grandson's experimental brain tumor treatment because it is "experimental" and not proven? He has had all convential treatment to no avail. That treatment wasn't experimental but did no good.

      Clarification/Follow-up by excon on 12/07/04 12:06 pm:

      Hello again, John:

      My question was not worded well.

      Indeed. Why do we do this to ourselves? Insurance companies, like the lenders and the pharmaceutical companies have a green light to do with us as they wish. They're people are running the show.

      Today, we have a classic example of the fox guarding the henhouse. It's going to come back and bite us.

      Hopefully, your grandson lives in a state that has a compassionate medical marijuana law, so he can get some relief. Probably not, though. Only about 10 do. Any drug that can be grown at home and not "purchased" from them must be bad.

      Thanks again for your answer.

      excon

      Clarification/Follow-up by excon on 12/07/04 12:20 pm:

      That would be "their people"

      Clarification/Follow-up by ETWolverine on 12/08/04 8:27 am:
      >>>Don't you have them in your state?<<<

      Yeah. We call them Credit Card Companies.

      Elliot

 
Summary of Answers Received Answered On Answered By Average Rating
1. excon, The link below will give you answers. the laws still...
12/07/04 jocaseExcellent or Above Average Answer
2. Where usuery laws prevent legal loans at rates where the len...
12/07/04 labmanExcellent or Above Average Answer
3. loan sharks are pond scum legal or not ...
12/07/04 tomder55Excellent or Above Average Answer
4. Excon, Trust a Banker/Lender to answer this question. :) ...
12/07/04 ETWolverineExcellent or Above Average Answer
5. Usury laws of a jurisduction regulate the charging of in...
12/07/04 HANK1Excellent or Above Average Answer
6. The greed of money'd people in power has subdued such law...
12/07/04 drgadeExcellent or Above Average Answer
7. hello excon, i think it probably has something to due with t...
12/08/04 darkstarExcellent or Above Average Answer
8. One problem is that they lose money on some so they have to ...
12/14/04 sapphire630Excellent or Above Average Answer
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