On 01/20/2016 06:52 PM, s3raph...@yahoo.com [FairfieldLife] wrote:

Re "bankruptcy laws" :


Indeed - it has been the existence ofbankruptcy laws that has kept the show on the road. By having periodic write-offs or write-downs the immoral nature of usury is kept in the background.

But over the long term - as we are now seeing only too clearly - the non-stop attrition is pauperising the majority and enriching the few.

By the way, did you appreciate my "usury [pronounced YOUsury]"?

Yes. That was very good and yes I know how it is pronounced and it is pronounced that way on this side of the pond. I had an Indian friend who wanted to sell her store when her daughter graduated from college but the only takers were some Muslims and she bet they wouldn't be able to get financing. She was right.

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