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I mean, thanks for the more detailed explanation, but it doesn't make it sound any less unethical (to not say "criminal" in a colloquial way).
by nkkollaw 8y ago
I mean, thanks for the more detailed explanation, but it doesn't make it sound any less unethical (to not say "criminal" in a colloquial way).
- reitzensteinm 8y agoDo you believe loaning money in the first place to be unethical? Or just banks loaning out money that has been deposited with them.
- nkkollaw 8y agoI believe charging premium to lend what you don't have to be unethical. Think about loans that ruin people's lives (student loans, for instance), and compound interest on those loans that make them basically unpayable: the fact that they didn't even have that money to lend out in the first place is what I think is unethical.