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0 pointsmarquis14y ago0 comments

>where they are against the law

Is there a reason for that? To stop loan sharks, for example? (Which is a highly valid reason).

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dlss14y ago

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)

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0 pointsmarquis14y ago0 comments

>where they are against the law

Is there a reason for that? To stop loan sharks, for example? (Which is a highly valid reason).

dlss14y ago

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)

j / k navigate · click thread line to collapse