Title: "Usury Laws" Author: Unknown
In the 1960's usury laws began to change allowing banks to begin charging consumers high interest rates. Before the 1960's usury laws limited the interest rates that consumers could be charged.
This economic collapse is in large part due to these high interest rates that banks now charge consumers on credit cards.
I hope this administration and congress will pass national usury laws to limit interest rates to 9 percent, that can be charged to consumers.
Pray that congress and the senate and Obama will do this. God cares about the poor and this could make a far bigger difference in stimulating the economy than anything else, because most American families are paying a large percent of their income to banks in the form of credit card interest.