Money and debt - I don't feel so bad about Ch. 7 now

[debtmonster]

I get easily confused in my old age.

You are not old. Knock it off.

[jeb]

States should do a better job of regulating, but most of the time they don't want to due to the revenue and jobs these companies bring to the state.

We have high interest rates because the large corps want them and they get what they pay for.

A corp is considered an "individual" under law - most laws. But there are so many loop holes for them that it is a joke.

If an "individual", why are they not subject to the same dollar amount to politicians as I am? - jb

[lolasaurus]

No my problem. I don't want to pay interest.

Then don't borrow money, good sir. You aren't forced to pay anything.

[debtmonster]

Then don't borrow money, good sir. You aren't forced to pay anything.

That's the new leaf I am turning now. 2010 and beyond is going to be a whole new lifestyle from here on out. This upcoming bankruptcy and foreclosure has taught me a lifelong lesson.

[Logan]

Interesting, isn't it? Islamic banks in the Middle East don't charge interest and have given billions of $$ in interest-free loans to the developing world. Imagine that! Struggling Third World nations moving forward without the burden of outrageous interest rates on top of enormous debt. And the banks thrive. . . we DO have alternative models . . and they work.

When you get ahead I'd like to borrow some money from you. Interest free of course