> If you were a bank that had just been pressured into forgiving a bunch of loans, how likely would you be to make new loans to the same class of people?
Considering that many of those loans are predatory in nature, that may not be a bad thing.
agreed, these lowest (if any) income class should stay away from any kind of debts as far as possible. It's a spiral that they've already fallen through at least once
Considering that many of those loans are predatory in nature, that may not be a bad thing.