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The payday loan analogy is admittedly weak. I just meant to indicate that it's a crap deal. It is actually worse than payday loans. See, with payday loans, you
by azurelogic 9y ago
The payday loan analogy is admittedly weak. I just meant to indicate that it's a crap deal. It is actually worse than payday loans. See, with payday loans, you just pay ridiculous interest. With WB/IMF loans, it's more like "we'll loan you money to keep the lights on, but you're going to have to stop taking your blood pressure meds, and one of our friends is going to stop by and eat some of your dinner every night".
- tomjen3 9y agoOkay, that makes more sense. I just get tired of people constantly harping on payday loans without considering the alternatives available. Also I was kinda shocked how much an effect it had when a collegue got his power turned of (he forgot the pay his bills).