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Zer Netmouse
February 3rd, 2009
07:12 pm


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Do You Believe in Usury?

(58 comments | Leave a comment)

Date:February 4th, 2009 04:35 am (UTC)
For simplicity, I was assuming a loan that paid interest only until maturity. (And even if it amortizes, that just means that each year you borrow less, equal to the amount the 25-year loan would have as its balance on that date.)

My point is that the same transaction can be structured as a single loan or a series of loans, with the same cashflows, so why should one be morally different from the other?
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