Predatory lending |
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nothing
Senior Member Joined: 09 November 2008 Location: Andorra Status: Offline Points: 416 |
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Posted: 25 March 2013 at 3:38pm |
The interest mentioned in the Qur'an is the INSANE type of lending method, the unregulated. You only can understand this once you see it in action. In some case it is 100% interest. Today the so called Islamic Bank does not charge interest but fees and/or shared profit. The lenders are businesses that making money with their money, just like everybody else. |
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Matt Browne
Senior Member Male Joined: 19 April 2010 Location: Germany Status: Offline Points: 937 |
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Predatory lending is unethical in most world views.
We should expose the guilty. |
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A religion that's intolerant of other religions can't be the world's best religion --Abdel Samad
Great minds discuss ideas. Average minds discuss events. Small minds discuss people--Eleanor Roosevelt |
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IssaEl999
Guest Group Joined: 10 March 2011 Status: Offline Points: 336 |
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How a foreclosure freeze could heat up our economy
OPINION - In an economy that is still in recession, a rebounding housing market would go a long way towards providing much needed economic stimulus and stability... > read more |
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El's Holy Qur'aan , States In Chapter 17 ; 81 , '' And Say ; Truth Has ( Now ) Arrived , And Falsehood Perished ; For Falsehood Is ( By Its Nature ) Bound To Perish (81 ) .
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Douggg
Guest Group Joined: 12 February 2007 Status: Offline Points: 469 |
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It is a complicated issue. The banks made loans they shouldn't have made. Many people were buying homes with the idea that they would profit big time in a few years, by flipping in a resale, and moving up. The banks created phoney mortage backed securities CDO's. Real estate became a speculative game that collapsed in on itself. |
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schmikbob
Senior Member Male Joined: 27 June 2010 Location: United States Status: Offline Points: 526 |
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Brilliant idea, a foreclosure moretorium. All those people that are owed the house they are in won't have to make payments at all now. Someone tell me why a bank would wish to participate in this market given the idiocy that passes for legislation in Washington these days.
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Sign*Reader
Senior Member Joined: 02 November 2005 Status: Offline Points: 3352 |
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What else is new?
There is no more free lunches, you want desserts too... What is so special about the moochers who want free houses? They are the ones who main agents of the current mess who helped the banksters; it takes two to tango Edited by Sign*Reader - 22 April 2011 at 12:56am |
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Kismet Domino: Faith/Courage/Liberty/Abundance/Selfishness/Immorality/Apathy/Bondage or extinction.
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IssaEl999
Guest Group Joined: 10 March 2011 Status: Offline Points: 336 |
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Rep. Barbara Lee: Put the brakes on home foreclosures8:54 AM on 10/19/2010 OPINION - It's time for a national foreclosure moratorium -- It's the right thing to do... > read more |
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El's Holy Qur'aan , States In Chapter 17 ; 81 , '' And Say ; Truth Has ( Now ) Arrived , And Falsehood Perished ; For Falsehood Is ( By Its Nature ) Bound To Perish (81 ) .
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Sign*Reader
Senior Member Joined: 02 November 2005 Status: Offline Points: 3352 |
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The usury is an obsolete term for interest! They call it interest and than it becomes usurous in some state laws when people don't pay on time!
The test of a true Islamic state would be the absence of interest; promotion of education, business enterprise and employment of the all able bodied... There are dire warnings about the interest based societies who borrow and spend to their destruction and misery! Edited by Sign*Reader - 19 April 2011 at 11:53pm |
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Kismet Domino: Faith/Courage/Liberty/Abundance/Selfishness/Immorality/Apathy/Bondage or extinction.
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