Wiseguy wrote: ↑Sun Jul 15, 2018 9:54 pmconsumer credit with credit cards, money stores, payday loan companies, small business lending, etc.
So who is the bad guy?
Seriously?
If lending money at 25% is criminal, and 23% is legal, then technically the line is 24%. Right?
But who here thinks a 25% rate is criminal but a 23% is perfectly fine?
Seriously. Think about this for a second.
Why is 25% wrong? On a moral level. Well, because it’s effectively stealing, it’s too much.
On a moral level we say, ‘that level of interest is greedy, it’s not fair, it’s hurting someone egregiously. It’s not a fair repayment.
Yet 2% lower and there is zero moral difference? The minor legal line shift equates to a new moral dimension?
Think about 23% interest. What it does, on a decent level of debt. It DESTROYS people. It DESTROYS families.
I want everyone to think about this:
The US Federal Interst rate is at 1.75%.
I’ll say that again.
The US Federal interest rate is at 1.75%.
Credit card companies are currently charging over TWENTY PERCENT INTEREST. When...
US FEDERAL INTEREST RATES ARE AT 1.75%.
That’s over ten times the federal amount.
How is that not criminal?
Seriously?
And how is only 2% higher, ursury?
Morally wrong.
If we want to talk what’s moral. Ethical. Then we need to include a WHOLE group of industries and people.
Being legally right is no moral standard.
And frankly when the federal lending rate is at 1.75% and you’re charging over ten times that amount, yeah, talking about credit card companies, my response is this, go fuck yourself, because you are the mafia.
There is no argument to justify that. And when you can’t, fuck you, because being legal doesn’t mean you fucks get to act like you didn’t fuck someone.
When you pricks mow your lawns on a Saturday, know that EVERY one of your neighbors is a better person than you.
Money won’t buy you happiness cock sucker.
Rant over.
[quote=Wiseguy post_id=83051 time=1531716851 user_id=51]consumer credit with credit cards, money stores, payday loan companies, small business lending, etc.
[/quote]
So who is the bad guy?
Seriously?
If lending money at 25% is criminal, and 23% is legal, then technically the line is 24%. Right?
But who here thinks a 25% rate is criminal but a 23% is perfectly fine?
Seriously. Think about this for a second.
Why is 25% wrong? On a moral level. Well, because it’s effectively stealing, it’s too much.
On a moral level we say, ‘that level of interest is greedy, it’s not fair, it’s hurting someone egregiously. It’s not a fair repayment.
Yet 2% lower and there is zero moral difference? The minor legal line shift equates to a new moral dimension?
Think about 23% interest. What it does, on a decent level of debt. It DESTROYS people. It DESTROYS families.
I want everyone to think about this:
The US Federal Interst rate is at 1.75%.
I’ll say that again.
The US Federal interest rate is at 1.75%.
Credit card companies are currently charging over TWENTY PERCENT INTEREST. When...
US FEDERAL INTEREST RATES ARE AT 1.75%.
That’s over ten times the federal amount.
How is that not criminal?
Seriously?
And how is only 2% higher, ursury?
Morally wrong.
If we want to talk what’s moral. Ethical. Then we need to include a WHOLE group of industries and people.
Being legally right is no moral standard.
And frankly when the federal lending rate is at 1.75% and you’re charging over ten times that amount, yeah, talking about credit card companies, my response is this, go fuck yourself, because you are the mafia.
There is no argument to justify that. And when you can’t, fuck you, because being legal doesn’t mean you fucks get to act like you didn’t fuck someone.
When you pricks mow your lawns on a Saturday, know that EVERY one of your neighbors is a better person than you.
Money won’t buy you happiness cock sucker.
Rant over.