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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?


To: Tundra who wrote (319)10/4/1998 11:51:00 AM
From: ahhaha  Read Replies (2) | Respond to 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.