I don't think GP was saying that the law had no reason for existing, just that its existence had an unfortunate unanticipated effect on microloans. (If you wan

I don't think GP was saying that the law had no reason for existing, just that its existence had an unfortunate unanticipated effect on microloans. (If you wanted to outlaw loan sharking, you pass something like the Fair Debt Collection Practices Act, not an "only banks can loan money" law)