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The banks would never allow it because it would put them out of business. The real question is whether that’s a good thing, and my gut feeling is that it probably is. They are just rent seeking and it likely provides negative value to the economy in real terms.
But I think even with the limits being proposed, it could at least be a good thing for people without a lot of money who tend to get bent over hard by the banks.
The banks would never allow it because it would put them out of business. The real question is whether that’s a good thing, and my gut feeling is that it probably is. They are just rent seeking and it likely provides negative value to the economy in real terms.
But I think even with the limits being proposed, it could at least be a good thing for people without a lot of money who tend to get bent over hard by the banks.