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The lenders take huge profits as interest, supposedly as payment for the risk that they are taking on. It's an outrage because if so few people are able to def
by xwvvvvwx 8y ago
The lenders take huge profits as interest, supposedly as payment for the risk that they are taking on.
It's an outrage because if so few people are able to default on the loans, the lenders are not taking on any risk at all, and are in fact functioning more as a kind of mafia style protection racket.