econ101fail

3 ms·

1. 1.▲
   by econ101fail 8y ago

   I don't think that would be enforceable. Besides, no sane investor would go for it.
2. 2.▲
   by econ101fail 8y ago

   Please show me where an unemployed person with uncertain future prospects and neither a work history nor any assets can get an unsecured personal loan for 4-9%? I'll even give you a pass on the requirements of the loan payback being su
3. 3.▲
   by econ101fail 8y ago

   Planet Money did a podcast on this recently: https://www.npr.org/templates/transcript/transcript.php?stor...
4. 4.▲
   by econ101fail 8y ago

   >Purdue, for example, caps total payments at 2.5 times what a student borrowed, so the most successful don’t feel gouged. That would be a 15 year loan at 15% APR. That IS gouging. 15% APR isn't gouging. That's a typical APR for
5. 5.▲
   by econ101fail 8y ago

   Can you say adverse selection?