Do You Believe in Usury?|
|Date:||February 4th, 2009 02:53 am (UTC)|| |
75% interest can be quite reasonable. Suppose you're borrowing the money to do some business, and there's a lot of risk that you'll fail and not repay. The high interest rate is effectively an equity participation. And if the term of the loan is a month, 75% annually isn't that many dollars.