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Zer Netmouse
February 3rd, 2009
07:12 pm

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Do You Believe in Usury?

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From:sethb
Date:February 4th, 2009 02:53 am (UTC)
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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.
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