[politicorific]

I really hope they can do something to improve the lives of their customers. Your average hackernews reader knows nothing of the indignities of not being able to get banking services and having to rely on using services from check cashing/title loan companies, rent to own furniture companies, and having to rent from slum lords. I really hope Will Smith and Jay-Z take only a modest return on their investments.

[lotsofpulp]

There are plenty of extremely low down payment financing options from the federal government. There is no way a few private lenders are going to be operating a business with less margin than those.