[TAG] The Public Domain: Here Today, Gone Tomorrow

[Rick Moen]

Quoting John Karns (jkarns at etb.net.co):

> ISTR reading the fine print on one of the credit card offer mailings I
> received not too long ago, and noticed that the rate was somewhere
> around 22%, so I don't think that the 18% rate is universally applicable
> in the U.S. anymore either.

Indeed, one of the reasons why most US credit card companies relocated
to South Dakota just after 1980 is that that's when that state repealed
its usury laws, _removing_ the ceiling on interest rates.  Read all about
the appalling aftermath, here:

http://www.pbs.org/wgbh/pages/frontline/shows/credit/