Re:Banks as Collateral Damage in a Class War
by Kalium on Wednesday March 22, 2023 @10:39AM
(#35261741)
You have to bear in mind that usury prohibitions quickly became entangled with power structures. Owing money to powerful people is a problem for noble or royal debtors. Owing money to people you can exile or murder as you see fit is convenient and provides multiple ways to resolve the issue.
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Re:Banks as Collateral Damage in a Class War
by Pet_Ant on Wednesday March 22, 2023 @10:48AM
(#35261866)
https://en.wikipedia.org/wiki/Expulsion_of_Jews_from_Spain
> They also had serious difficulties in recovering money lent to Christians because either the repayment term was after August 10, the deadline for their departure, or many of the debtors claimed "usury fraud," knowing that the Jews would not have time for the courts to rule in their favor.
Re:Banks as Collateral Damage in a Class War
by ineedasername on Wednesday March 22, 2023 @11:24AM
(#35262465)
Yes, the powerful created their own “debt jubilee” at times:
“Due to the precarious position of Jews, some nobles could ignore their debts. If the sponsoring noble died, his Jewish financier could face exile or execution.”