David Thomson
2007-09-21 17:13:51
“Mob Loan Sharks are waiting in the wings.”
They most certainly are waiting in the wings. Have we already forgotten the prohibition era? We must allow people to make foolish choices. After all, we are talking about full-grown adults. Did somebody appoint one of us to be a benevolent dictator? No, we should essentially mind our own business—and hope the free market resolves many of these difficulties. It must also be added that at least one group has attempted a non-profit solution. Sadly, they have found it to be a waste of time. Too many of the loans go into default.
