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

To: Henry Volquardsen who wrote (409)	10/6/1998 12:36:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 2794

Laws don't prevent credit crunch. Laws don't enable credit crunch. Who is going to enforce Podunk's law? In what venue? If they get a judgement, how do they collect? You don't understand the intent of usury law. I will explain. It's only intent is to discourage the use of the privilege of making loans to take advantage of individuals. Usury law presumes that free market forces in loan making don't work and it is necessary to fix price to protect the poor from profiteering banks. Such laws never take into consideration the risk associated with each individual. It always assumes the risk is the same. That's why usury thinks price fixing is appropriate. Usury law is outdated socialism at its worst. Laws based on false economic premise should not be enacted, because the false premise ends up hurting the very individuals it was intending to protect.