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Post by TheBo on Aug 15, 2004 15:24:00 GMT -5
Would you consider the grandma in Yellow Hankie a loanshark? That's what she did for a living, loan money. Nicer way of saying it, Capital Investers. Same coin different sides. No, buzbe, a loan shark is not someone who lends money. A loan shark is someone who lends money at usurious interest rates. Like, 1128.7% (as quoted in a recent Chicago Sun Times "investigative report" on payday-loan operations). The act of lending money is not inherently evil; being a capital investor is not evil; taking advantage of desperate people with no other place to turn-- that's evil. Bo
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Post by Soju on Aug 16, 2004 19:27:56 GMT -5
The other day I was driving by Devon and Western Avenues. This area has a large Pakistani population. I noticed that the lighted electronic sign at the Devon Bank said, "We offer Islamic loans". Since Muslims don't believe in charging or paying interest, I wonder how an American bank does this.
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