2 ms·
> It's easy to lend anywhere. There are quite a lot of regulations surrounding lending in the "developed" world. It's not easy for you or I to just go out one
by jstanley 7y ago
> It's easy to lend anywhere.
There are quite a lot of regulations surrounding lending in the "developed" world. It's not easy for you or I to just go out one day and set up shop trying to lend money.
- cookie_monsta 7y agoAh, well if we are talking about regulated lending that would be a different kettle of fish. Although some recent examples spring to mind where the developed world's financial lending regulations could have been a bit tighter ;)
- hug 7y agoIt's only not easy if you intend to do it legally. If you don't, it's really easy. I mean like "you can start running payday loans with a paypal account, a reddit account, and 10 minutes to read an FAQ" level of easy: reddit.com/r/borrow Some of the loans on the new page are over 4000% APR, and the lenders are (presumably, I don't actually know, but whatever) from the "developed" world.