3 ms·

> If you were a bank that had just been pressured into forgiving a bunch of loans, how likely would you be to make new loans to the same class of people? Consi

> If you were a bank that had just been pressured into forgiving a bunch of loans, how likely would you be to make new loans to the same class of people? Considering that many of those loans are predatory in nature, that may not be a bad thing.

hueving 12y ago
Any proof of that? Or are you just assuming that it is similar to payday loans in the US?
saiya-jin 12y ago
agreed, these lowest (if any) income class should stay away from any kind of debts as far as possible. It's a spiral that they've already fallen through at least once