There is most likely an informal 'friends of friends' effect for the wealthy and priviledged in any event. Take a look at, for example, the VC market and its e

There is most likely an informal 'friends of friends' effect for the wealthy and priviledged in any event. Take a look at, for example, the VC market and its extensive reliance on private, pre-existing relationships. While equity is not credit, the techniques of investment selecetion (both deal generation and screening) are at a macro level shared elements. Now, the more concerning issue is when poor people are flagged as at risk because they are poor. Sort of the reverse of the well connected wealthy people getting a helping hand.