Interest Front-loading = Leverage, Leverage, Leverage.
A single critical factor lies at the heart of the global financial crisis, and that is the ability of financial institutions to conceal or otherwise misrepresent interest, unlawfully capitalized-in-advance, as principal on the face of a financial instrument or “valuable security” as called under the Criminal Code of Canada. The process is called front-loading and its actual and legal significance is that it is mala in se or evil/wrongful of itself, and has both judicial and common law recognition as such in many countries, and especially and repeatedly in Canada. (more)
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