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Non-Tech : Derivatives: Darth Vader's Revenge
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To: ahhaha who wrote (328)10/4/1998 5:42:00 PM
From: Henry Volquardsen  Read Replies (1) of 2794
 
The usury laws were not de facto suspended. There was a lot of political manuevering going on and eventually the usury laws were changed, but they were never 'de facto suspended'. Ralph Nader would have had a field day with that.

BTW one of the results of the political manuevering re usury laws is the location of Citibank's credit card operations. They were moved to South Dakota to avoid New York's usury laws before they were changed.
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