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Aug. 2nd, 2013|05:17 pm |
I disagree that it is fair. Firstly, because they say they are charging interest on the loan, not enabling us to enter into a promise that we will pay off the sum (that never existed) as interest - which, after all, is supposed to be payment to compensate them for no longer having access to the money which they lent us (which as we know they didn't have).
Also, it enables banks to create massive bubbles and inflate the cost of what is an essential human need - namely, a roof over your head (I'm talking about myself, not a fly by night speculator), thereby inflating the 'interest' owed to them. |
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