Post by cjm on Feb 20, 2020 5:43:57 GMT
Movingthegorgonzolaback • 21 hours ago
Well if EWC goes as I think it will, all borrowing will be unsecured!
Rising unsecured debt is obviously a big big problem and at some point it has to stop. But if you stop it it is racist? So as they say, the wheel is spinning, but the hamster is not home!
Declining economy, and rampant population growth point to an approaching calamity of biblical proportions.
Well if EWC goes as I think it will, all borrowing will be unsecured!
Rising unsecured debt is obviously a big big problem and at some point it has to stop. But if you stop it it is racist? So as they say, the wheel is spinning, but the hamster is not home!
Declining economy, and rampant population growth point to an approaching calamity of biblical proportions.
Andrew Blaine • a day ago • edited
From the above it seems that replacing the Usury Act with the NCA was a retrograde step? Capping interest rates is the most effective manner of controlling the lending industry. Why is there no such privision in legislation? Who does this situation both punish and reward?
From the above it seems that replacing the Usury Act with the NCA was a retrograde step? Capping interest rates is the most effective manner of controlling the lending industry. Why is there no such privision in legislation? Who does this situation both punish and reward?