← Autodidact Archive · Original Dissent · Happy Hacker
Thread ID: 14964 | Posts: 6 | Started: 2004-09-11
2004-09-11 19:39 | User Profile
*The OT isntructs the Hebrews to not charge interest to needy Hebrews. This is an act of charity to your own people, not of a banking model for a country.
Loans to needy Jews in the US, with nearly a zero percent default rate? That's not the default rate that you would face loaning money to the needy. It looks like to me that this is more of a strategy to help the Jewish community avoid banking, finance and other laws.*
Institution Lends on Faith
Saturday, September 11, 2004
LOS ANGELES ââ¬â Ukrainian immigrant Ella Miramova had a dream ââ¬â to become a Beverly Hills dressmaker ââ¬â and the only place that would give her the money to make it a reality was the Jewish Free Loan Association (search), a lending institution that has charged the same interest rate for 100 years ââ¬â zero percent.
To get a loan you must be needy, or unbankable. If you qualify, you can get up to $20,000 for food, student loans, starting a business or whatever you want. And you do not need to be Jewish ââ¬â 40 percent of their loans go to non-Jews.
In the regular banking world, the default rate is 15 percent. At Jewish Free Loan, it's almost zero.
"If you're late by 10 or 15 days we make an official phone call to you and we remind you 'have you forgotten about the free loan,'" said Mark Meltzer, executive director of Jewish Free Loan.
The institution keeps its client list confidential, but they say it would read like a who's who of L.A. businesses, and because they make no money on the loans, they're essentially banking on their clients' success.
"The borrower who receives the money today and has a tremendous amount of success in future years, hopefully will support this agency for those who will require help in the future," Meltzer said. [URL=http://www.foxnews.com/story/0,2933,132101,00.html]link[/URL]
2004-09-13 00:45 | User Profile
[QUOTE=Happy Hacker]*...
To get a loan you must be needy, or unbankable. If you qualify, you can get up to $20,000 for food, student loans, starting a business or whatever you want. And you do not need to be Jewish ââ¬â 40 percent of their loans go to non-Jews.[URL=http://www.foxnews.com/story/0,2933,132101,00.html]link[/URL][/QUOTE]
Nice of them to throw that in... wonder what percentage of the "40%" goes to non-whites.
2004-09-13 19:45 | User Profile
[size=4][url=http://www.jewwatch.com/jew-jewishbankingandfinancialmanipulations-folder.html]Jewish Banking & Financial Manipulations[/url]
[url=http://www.jfla.org/]Jewish Free Loan Association[/url]
[size=3]Oh, here's the other organizations they "forgot" to mention...[/size]
[url=http://www.hflasf.org/]Hebrew Free Loan Association [color=red]-JEWS ONLY[/color][/url]
In addition to assisting the immigrant, it has broadened its scope to include native born Jewish Americans, who may have experienced financial problems or needed a hand with starting or expanding a business. Along with that, HFLA saw other needs where they could be of help, and now offer assistance with buying a first home, college tuition, or adopting a child. Other interest-free loans include debt consolidation, personal loans, and institutional loans to religious or educational organizations.
[url=http://www.freeloan.org/what-how.html]The International Association Of Hebrew Free Loans [color=red]-JEWS ONLY[/color][/url]
The Hebrew Free Loan program is designed to lend sufficient funds, interest free, to all deserving Jewish people to alleviate the stress associated with the need of providing for life's necessities.
[url=http://www.freeloan.org.il/]The Israel Free Loan Association [color=red]-JEWS ONLY[/color][/url]
At the Israel Free Loan Association (IFLA) in Jerusalem, we have been bringing this ideal to reality since 1990. The IFLA has extended over $35 million in interest-free loans to more than 20,000 new immigrants and their families from the former Soviet Union, Eastern Europe and Ethiopia, and to Israeli families in need. [/size]
2004-09-16 07:55 | User Profile
Sounds like a great program to me.
2004-09-26 19:13 | User Profile
Why don't Christian Churches do this for their members and needy Christians in the local community? It would probably would violate some law if the church gave anyone money with the expectation of having it paid back. Aside from that, the Christian community suffers from the same self-destructive attitude as the rest of the white community.
2004-09-26 20:15 | User Profile
Why bragg about a loan with no interests?????????
The US are giving the Jews 3 to 7 BILLIONS dollars A YEAR and then the US "forgives" the loan,,,,,,,,
I would like ANYONE Jews or other to show me evidence that the Zionist state of Israel has back back any of the 170 Billions that we have given them.
That's not counting gifts like "surplus" jeeps, planes, tanks, helicopters and so on,,,,,,, I read the other day that a Humbee got a very small scrqatch on the fender and it was declared surplus and given to those people.
We also have given them "surplus" ammo from the first Iraqi invasion,,,,,,heck, my ammo is from WWII and the Korean war and I have had only one missfire in 10 years.
Your taxes at work,,,,,,,,,Oi Vey.