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Originally posted by spliff4020
I get pulled over, on an average, about once a week.
Have you looked up at any stop lights lately? Notice anything new up there? I am pratically recorded the whole way home.
I cant download a song off the net, although dual cassette recorders were perfectly legal, now I'm faced with $300k lawsuits if I do.
My credit card companies minimun payment is doubling this month, simply because the law allows them to.
My heating bill is up over $300 a month from last year.
My car now takes almost $40 to fill up.
My cigarettes are over 4 dollars a pack, even though I cant go to a bar and smoke them.
If I want to smoke a little green stuff in bed with the wife, I can go to prison and lose my house and family, yet I am constanly bombarded with ad after ad for alcohol, which destroys more lives in a year then marijuana has since it began it's existance.
He said that the difference was simple. Americans live to work, Europeans work to live. Its no wonder the rest of the world doesnt want us pushing our lifestyle on them. We are slaves to the dollar. We are a beast that needs to keep consuming.
There was a time when "usury laws" protected Americans from loan sharks. These laws put a cap on the amount of interest you can charge on a loan. In the 70s and 80s several states (South Dakota being the first I think) got rid of their usury laws, which was incentive for the credit card companies to come there. Shortly thereafter the laws changed again and allowed a company to "export" the interest from the State of the bank to the credit card holder regardless of location. In effect, we all are now under South Dakotan usury laws... no cap on interest.
Originally posted by SkepticOverlord
Disclaimer --> I'm probably going to say some things you won't like... but not because I disagree with you.
You have voted spliff4020 for the Way Above Top Secret award. You have two more votes this month.
Originally posted by DerekJR321
I have been extensivly involved in credit repair / reform for the last several years. One thing I have learned in terms of credit card companies, collection agencies, online loans, etc is that they are all bound by the laws of the state in which the contract was signed. For me, living in NY, the maximum interest allowed is 29.9% on anything. That includes credit card interest, car loans, personal loans etc.
[edit on 3-1-2006 by DerekJR321]
(a) As a national bank, Omaha Bank is a federal instrumentality whose interest rate for its BankAmericard program is governed by federal law, and under 85 a national bank may charge interest "on any loan" at the rate allowed by the laws of the State where the bank is "located." P. 308.
Question Presented
Does the National Bank Act of 1864 authorize a national bank to charge late-payment fees that are lawful in the bank's home State but prohibited in the States where the cardholders reside?
Conclusion
Yes. In a unanimous opinion delivered by Justice Antonin Scalia, the Court held that the National Bank Act of 1864 authorizes such charges because a regulation adopted by the Comptroller of the Currency, which defined interest to include late-payment fees, was a reasonable interpretation of the act and entitled to deference. The Court rejected arguments that late-payment fees do not constitute interest because they do not vary based on the payment owed or the time period of delay and because they are penalties.
Wow I got to say I think you are starting to see the light.
Any of you who have ever worked the second or third shift can attest. I get pulled over, on an average, about once a week. Not because I'm speeding, or have a headlight out. But because its 1 am. No other reason. I've been told "You swerved a little", or they wanted to know where the dent in the front came from. All BS. I've seen the same ones do it over and over. I mean, I almost know them on a first name basis.
They do it to us. Have you looked up at any stop lights lately? Notice anything new up there? I am pratically recorded the whole way home. Whats next? Perhaps they could time me from one stop light to the next and determine if I broke the speed limit and mail me a ticket. (this allready happens....Anyone use an "I-Pass"?
I cant download a song off the net, although dual cassette recorders were perfectly legal, now I'm faced with $300k lawsuits if I do.
If I want to smoke a little green stuff in bed with the wife, I can go to prison and lose my house and family, yet I am constanly bombarded with ad after ad for alcohol, which destroys more lives in a year then marijuana has since it began it's existance.
Some might say "Vote!". I do, but does it matter? No. Only the electoral does. Is that all that freedom means anymore? The right to vote a meaningless vote?
So lets see here.... I can't be out late, and if I am, I better have ID.
I can't travel freely without being harrassed.
If I dont want the whole CD full of crap, I better hope its on the radio (which costs 50 a month now).
I can get wasted, but it better be with what the government says I can (they DO know best).
I can try to vote in people with whom I hope to change things, but since its like trying to drain the Atlantic with a straw, its hopeless.