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Will they? I think that social capital will be worth more than the money because it's what keeps the men-with-guns on your side. If they are serious about makin
by mattnewton 10y ago
Will they? I think that social capital will be worth more than the money because it's what keeps the men-with-guns on your side. If they are serious about making it hard for the "discredited to take a single step" then how angry the government is at you is a good predictor of you ability to pay.
If you are talking about the incentive for a bank to defect and lend to people who could repay but have a poor score, that would be very interesting, but I am not sure I see how likely that is to be a real arbitrage opportunity if everyone else is on the same page as the government re: the score.
- zhemao 10y agoWell all the banks are state-owned, so it's kind of a moot point. They'll go along with whatever the government decides.
- candiodari 10y agoUntil it requires a denial of reality so great that it simply can't work. That usually doesn't take more than a decade or so.