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> Its easy to say what the interest rate and loss ratio should be when its other people's money. Isn't the issue that Google is making a statement about the sa
by cscurmudgeon 10y ago
> Its easy to say what the interest rate and loss ratio should be when its other people's money.
Isn't the issue that Google is making a statement about the same issue while taking the opposite stand.
- toomuchtodo 10y agoI think the issue is that Google is making a statement about what they perceive to be predatory lenders while giving a newcomer a chance to execute their business differently. Which is totally within their right as a business. No different (my opinion, two cents) then Google banning bank ads but allowing credit unions. Its a bit more gray since LendUp is still a for-profit concern, but it appears they're making an effort to hold themselves to a higher standard.
- cscurmudgeon 10y ago> Which is totally within their right as a business. And it is within our rights as consumers to subject them to scrutiny and higher standards (Don't be evil) and for governments to subject to regulation.
- toomuchtodo 10y agoGo for it. Like yelling into the wind. They can pick and choose their ad customers, and no one is going to stop using Google over this. If anything, it provides additional goodwill to their business.
- cscurmudgeon 10y agoNot yelling in the wind. If am yelling in the wind, why did you reply to me? :D Btw, EU is about to slap them with Billion dollar lawsuits for anti competitive behavior. Search for it. Maybe you can't lol. All giants make mistakes and fall. Google+ etc. Amazing people are so religious about Google.
- toomuchtodo 10y agoNot religious. Pragmatic/realistic, depending on your viewpoint.
- cscurmudgeon 10y agoExactly what my religious friends tell me :)