Special banking rates for Muslims.

Dear RWNJ I understand that to restructure loans at 0 percent, the lenders will increase the base payments. So the principal payment goes up to make up for the interest being lower, similar to lower rates if you take less time to pay off a mortgage but you pay more each month, rather than lower your payments over longer time period and pay a higher amount of interest. so it comes out equivalent.
 
Dear RWNJ I understand that to restructure loans at 0 percent, the lenders will increase the base payments. So the principal payment goes up to make up for the interest being lower, similar to lower rates if you take less time to pay off a mortgage but you pay more each month, rather than lower your payments over longer time period and pay a higher amount of interest. so it comes out equivalent.
Do you have any proof that they are doing this? It may work that way in the U.S. but this is Canada. How do you know that money used to support terrorism isn't being paid to these banks to offset the difference?
 
Do you have any proof that they are doing this? It may work that way in the U.S. but this is Canada. How do you know that money used to support terrorism isn't being paid to these banks to offset the difference?
I swear, you get stupider every day. .... :cuckoo:
 
Dear RWNJ I understand that to restructure loans at 0 percent, the lenders will increase the base payments. So the principal payment goes up to make up for the interest being lower, similar to lower rates if you take less time to pay off a mortgage but you pay more each month, rather than lower your payments over longer time period and pay a higher amount of interest. so it comes out equivalent.
Do you have any proof that they are doing this? It may work that way in the U.S. but this is Canada. How do you know that money used to support terrorism isn't being paid to these banks to offset the difference?

Dear RWNJ
1. for capitalist companies that make no money off lending at 0 percent, I trust our capitalist system to make it where they would require borrowers to pay more per month to offset the lower interest. Have you ever tried to ask credit card or loan companies for a lower interest rate? They will ask for a bigger down payment or paying off more sooner so they don't lose money on a loan they could have made at a higher rate to someone else. That's just business policy, or they'd lose money and they can't afford that. The borrowers are at the mercy of the lenders, because that's where the demand is. Not the other way around. There are plenty of people who would gladly borrow at a higher rate, so there is no reason to lose money by lending at 0.

2. for political corrupt abuse of money, I don't trust anything to be able to check what people do. Politics has run amok. The solution to that is for all groups with complaints about abuses to unite and demand accountablity and corrections TOGETHER. as long as the checks and balances against abuses are POLITICIZED, both groups defend their own abuses and nothing gets done. So that's why the abuse is going on, because the people complaining are divided and fallen to the same politics we argue against. So nobody is policing this seriously as long as we are excusing the parties we want to favor. We would have to stop the politics altogether and start policing ALL violations across the board, enlist all parties to go after the others and follow THROUGH on the violations and demand restitution and reimbursement to the taxpayers for ALL abuses. And then we might see an end to this nonsense of covering up the wrongs.
 
Long ago I ran into the Jewish economist who FIXED things up for the Saudis-----so their banks
could function. Kinda funny-----he spent time as a jew in Saudi Arabia ELABORATING a
financial plan so the Saudis could pretend to function like human beings
 
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