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To: SedVictaCatoni
There is a word for religious law which is clumsily stretched to cover the gamut of modern circumstances - sharia.

No kidding. I've done financing transactions that had to conform to Sharia law (particularly the usury rules). The amount of hypocrisy that goes into making an interest-bearing loan look like something else is amazing.

107 posted on 03/28/2005 1:57:18 PM PST by Modernman ("They're not people, they're hippies!"- Cartman)
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To: Modernman
The amount of hypocrisy that goes into making an interest-bearing loan look like something else is amazing.

In the Middle Ages, such loans were often structured as foreign exchange transactions - in exchange for a certain amount in one currency, the client can pick up an amount in a different currency, subject of course to a certain exchange rate, and a handling fee to be paid from time to time thereafter.

The Venetians were cleverer - they declared usury a terrible sin, upon which the City levied a fine... payable in advance on the first of every year, for your convenience.

111 posted on 03/28/2005 2:00:47 PM PST by SedVictaCatoni (<><)
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