The Daily Paul has been archived. Please see the continuation of the Daily Paul at Popular Liberty.com

Thank you for a great ride, and for 8 years of support!

Comment: We have to be more mature.

(See in situ)


We have to be more mature.

Otherwise, we trust media reports when it suits us and reject when it does not.

Think for a moment - if a bank sets its own interest rate, how is that a fraud or a crime? A borrower either accepts the number or goes to another bank. The "fraud" thingy is from government regulations that cannot be challenged in court. In the end, it is a money extortion scheme by the gov agency to justify its own existence and budget. Such PR move makes people excited (from socialists to RP supporters) and many would approve more regulations on "greedy" banks.