"The 'credit' of an individual means his ability to borrow money by virtue of the confidence or trust reposed by a lender that he will pay what he may promise."
Justice George A. Malcolm, People v. Concepcion, 44 Phil. 126 (1922).

2.14.2016

Additional Assignment: Negative "Interest Rates"

Read this article on Negative "Interest Rates" and provide a legal analysis. Extra credit for those who submit well reasoned comments.