What's wrong with change?

[Benedicta00]

First of all, like I said earlier (are people not reading what I'm writing), financial institutions as distinct entities are not subject to the Catholic Church. I don't recall the last time KeyBank informed me that their business practices were now dictated by Canon Law. As such, if I am in Rome, I play by the Romans rules. If I think a financial institution is corrupt, I will not do business with them.

Second, it is allowable for a bank to make a reasonable profit so they can do what we've spoken about above (ie: keep the company afloat, pay salaries, pay off failed risks, etc etc). The question always revolves around "When does enough become simply too much?"

Third, a Catholic individual should not seek to make a profit from loaning money, but should look to simply recooperate the actual value of the money lent. If that entails charging interest to account for inflation and the like, that is acceptable.

Like I said earlier: If we loan money, individually, we are not financial institutions. You should never demand payment over and above what you are owed. In other words, you should not be going around loaning money to friends and family and expecting to make a profit.

Loan sharking is not an acceptable job for a Catholic.

I feel ya nyj, great post BTW.