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Friday, February 26, 2010

Usurers Prefer Federal Credit Card Rules over Bible

...if they know what's good for them!

We're a week in on the implementation of the new federal credit card rules, and I haven't heard the press release from Premier Bankcard or Citi laying off thousands of South Dakotans... or the press release from Governor Rounds or Senator Thune, Senator Johnson, and Rep. Herseth Sandlin explaining why they were wrong.

Our neighborhood usurers are grumbling that we're shifting too much responsibility away from borrowers and onto banks. But they (and you!) should take a look at Father Tim Fountain's reminder that, according to Scripture, lenders really should bear a lot of responsibility.

You shall not take interest...lend, expecting nothing in return...
Boy, the Sioux Falls Chamber of Commerce would drive those Bible dudes right out of town, wouldn't they?

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