10% is enough: GBIO stands against usury at Boston Fed

Rev. Burns Stanfield (Fourth Presbyterian Church, South Boston), standing with other clergy and Greater Boston Interfaith Organization members, calls for caps on interest rates at the Federal Reserve Bank of Boston on July 22, 2009. This was part of a national campaign launched by Metro Industrial Areas Foundation (IAF) against usury. In Boston, the press conference and the action of delivering letters demanding meetings with the president of two institutions (Eric S. Rosengren of Federal Reserve Bank of Boston and Ken Lewis of Bank of America) provoked an immediate response from the Federal Reserve Bank of Boston. GBIO Leaders are arranging a meeting with President Eric Rosengren. For info on the national campaign, see http://www.10percentisenough.org/

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[beatcar]

Well said! We do need a public dialogue (and a limit) on ridiculous, outrageous credit card rates, penalties, and fees. "Usury is WRONG, so put a cap on it." I'm sick of Reagonomics and greed-is-good BS. The whole system needs to be shaken up, broken up. It's ruining this country. We'll all end up being owned by foreign investors.

[smudge6699]

And the people cried "Lord! We have usurers in the temple, how shall we know the usurers in the temple?"

And the Lord said, "Fear not, you shall know them by their deeds."

Time to create a fair, just and egalitarian society.

Good luck people.