Sunday, July 26, 2009

Usury and the banks

Banks show little interest in lending

There is growing public discontent with banks, and the issue is spanning traditional religious divisions, as RBS chairman Sir Philip Hampton discovered last week. He was handed copies of the Torah, the Qur'an and the New Testament by religious leaders protesting about exorbitant rates of interest.

Posted by inbreda @ 11:30 AM (969 views)
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3 thoughts on “Usury and the banks

  • shipbuilder says:

    The religious leaders are quite clearly not protesting about banks’ lack of lending and the cack-handed way that this article tries to tie the two things together is embarrassing.

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  • The Qu’ran prohibits paying and receiving interest at any rate, not just “exorbitant” rates.

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  • I saw it on the BBC originally. They made out as though all the religious groups want the banks to start lending them money again. I thought it was a bunch of hypocritical religious nuts who didn’t have a proper understanding of the original (religious) meaning of the word Usury. Now I can’t tell if it is just the BBC putting a shockingly deceitful angle on a fairly important article.

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