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by pm90
3263 days ago
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> "Predatory" lending is only possible in the presence of coercion. Most certainly not true. It can also be caused by lack options, or awareness of options. e.g. The US overwhelmingly opposed the creation Asian Development Bank, funded by China, precisely because of the leverage that it would lose over the ability to make loans through a proxy (World Bank) and dictate strict conditions around those loans. |
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