"There's a little problem with the first 350 billion dollars. It left and no one knows where it went".
Bill Maher With Elizabeth Warren May 15, 2009 (10 minutes):
BTW, Usury didn't just "go away," it went away because Volcker raised rates following inflation caused by leaving the gold standard and then the central bankers couldn't profit, so THEY saw to it that usury laws went away. Washington State, for example, until 1980 had a 12% usury law - no one could charge a higher interest than that.
Saturday, May 16, 2009
Posted byAmy Jamison at8:52 AM