actually, that money--to bail out the banks in 2008--was OUR money. Without requirements attached to the bailout, our $$$ was misappropriated by the bailed out banks because rather than rewriting mortgages so that monthly payments were affordable to those that faced foreclosure, the bail-outs took our $$$ to buy failing banks, to make MORE $$$! I.e., our countrymen might have been allowed to refinance to a 100-year mortgage… BUT…
"usuary" means that interest charged on debt is too high. What with we, the people losing more & more jobs bc of The Era of the Computer, we must increase how much we need to use (to pay for actual necessities, not huge LED TVs) high interest, high late fee, high over the limit fee credit cards that won't even employ you to pick up a customer service call. The CC companies want you to do everything electronically, as its rates & fees get higher. For what? Their advertising costs?
SO, why not force congress to enact usary laws & force the CC companies to lower their interest & costs so that you & I can pay off our personal deficits? I'm 30 years a real estate broker. Don't i KNOW how the sale of homes makes up 1/3 of our gross domestic product? Don't i know that we deserve the american dream? Yet, with such HIGH interest/fees/late fees on CC, how can you save to buy a house? Heck, read about usary on wikipedia: see how even royalty was prevented to incorporate usuary (very high interest rates) when loans were made. Usuary was then considered
Read more: Banks got bailed out! So why don't we, by law, get a chance to bail ourselves out of debt, in this manner?
