Sunday, August 7, 2011

thought no. 34

We probably should have known that the banking industry and the congress was in collusion and out of control when regulations made it possible to raise interest rates on things already purchased. I mean, how much sense does this make: you are obviously having trouble paying off the money we lent you, so we will raise the interest rate making it that much harder for you to pay off. It strikes me a bit like debtors prison, but with bars made of paper statements rather than iron.

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