[quickben]

>"I'm very happy there was a lender of last resort that won't break my legs"

All of your support and encouragement of a superbly predatory practice comes from that line. You were happy that nobody broke your legs.

Do compare that with the history of slavery, where outside of conquest, people became slaves because they couldn't fulfill their financial obligations.

> "I mean, no where do they seem to be hinting at creating a government agency for lending of last resort"

North Korea has a government agency that is a collector of debts of last resort. For the debtor, or their immediate or extended family, or friends.

[towelr34dy]

Ah the outrage mob.

So tell me, oh wise one; how do you deal with people who need a lender of last resort?

I mean, in your kind, humanitarian and knowledgeable opinion that takes into consideration the reality of people with cash flow issues?

[quickben]

The reality is that instead of people going to a public kitchen , or a shelter, they will get even more in the hole, financial and social.

Why are you so interested in getting the vulnerable category even more indebted?

>"oh wise one"

You'll have a hard time in life with that attitude.

[towelr34dy]

Let me see if I understand: so when we ban pay day loans and all the loan sharks come out, this is the message you have for poor people:

Don't take the loan shark desperate option, accept homelessness/bankruptcy instead of trying to stay afloat. Then you can try and work up from there because it is easier.

I honestly can't believe you want to make the lender of last resort worse for poor people in an effort to get them to hit rock bottom so they can then climb.

I might have had a hard time in life (I've actually taken out short term loans to stay afloat) and I might have an attitude from it, but I can tell you have little compassion for those who were in my situation; so you'll have to excuse the fact that this is personal. A 19 year old me would have been homeless with people like you. I actually am happy I wasn't. I'm happy there are 'exploitative capitalists' and not just 'warm hearted well wishers' up on high horses.