Learning As I Go

[MrRawlins]

banks have been used to enforce a form of slavery. There is no reason any man (or woman) should pay above 5% for a loan. Poor people are kept in slavery through artifically high rates of interest. It is a national disgrace that a large segment of America is charged 20+ percent for loans. There are places where people can cash their paychecks for a highly discounted amount, how can these people ever get out of a cycle of poverty? Our entiure system stinks and we the people continue to allow it. We keep electing the same politicians and status quo never changes. Read about Andrew Jackson and the bankers. We have had leaders in the past who took on the banks and chenged history. Banks make money on loans on money they don't have. Therefore the rate should never be above 5%. If a person has a bad credit history don't loan them money, period! Charging the poorest people the highest rates is criminal.