[ovao]

Predatory interest rates frankly don't concern or particularly bother me. I think, for me, that only becomes a point of concern if a person is simply mentally unfit to make such decisions for themselves. In such cases the general guidance that someone else deemed fit should be responsible for that person's decisions applies, which goes back to the point you made earlier.

[rosser]

Even when those usurious, predatory rates are disproportionately charged to poorer people, who can afford to bear them less? Because that's how it works: price discrimination against the people least able to bear it.

But, hey. Why should I care, if I'm not getting charged those rates, right?

[ovao]

Given that a significant component to the determination of interest rates is risk, I don’t think one could reasonably expect a non-public system of lending to operate any other way.

We’re getting pretty off-topic though, so if you’d like to talk more, go ahead and shoot me an email (r at ovao dot la).

[rosser]

Risk management and predation are categorically different things. If that's not an intuitively obvious notion, I'm not sure what more dialogue will accomplish.