SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Derivatives: Darth Vader's Revenge
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tundra who wrote (319)10/4/1998 11:51:00 AM
From: ahhaha  Read Replies (2) of 2794
 
Usury laws were de facto suspended back in those days. Who would tell Citibank that they were violating someone's quaint law for charging 21% prime? Their cost of funds was commensurate. It is just like the 55 mph speed limit. It was not operational. How dare you go faster? Why, you could get a ticket. Nobody cared and the cops couldn't enforce the law. The law had to be changed.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News