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To: peyton randolph

>If the lender charges you 35% interest per annum for your mortgage on that house, the gov't would nail it for usury under the same principle. The free market isn't allowed to work in many facets of the economy.<

Usury threshold is defined in advance.Give us a profit rate above which gouging occurs.


22 posted on 09/29/2005 12:24:27 PM PDT by Blessed
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To: Blessed
Give us a profit rate above which gouging occurs.

Indeed, "unconscionable" leaves the door wide open. How much profit is acceptable? 10%? 50%? 100%? Should present CGS be the basis of the markup or future CGS?

27 posted on 09/29/2005 12:39:02 PM PDT by meyer (The DNC prefers advancing the party at the expense of human lives.)
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