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There have always been loan sharks and a subset of the economy that they feed off of. What is troubling is that the business segment described in the article i
by itbeho 11y ago
There have always been loan sharks and a subset of the economy that they feed off of.
What is troubling is that the business segment described in the article is so profitable that it has attracted institutional investors at a much bigger scale, which makes me think the number of small businesses in trouble these days must also be higher.
- MC7447a 11y agoIf the loans are so profitable, why wouldn't more and more competition drive the interest rates lower and lower to "normal" levels?