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Re:Facebook now denying access unless EU users opt-in to tra... by rosser on Wednesday May 09, 2018 @02:29PM (#17032468)
Even when those usurious, predatory rates are disproportionately charged to poorer people, who can afford to bear them less? Because that's how it works: price discrimination against the people least able to bear it.

But, hey. Why should I care, if I'm not getting charged those rates, right?

Re:Facebook now denying access unless EU users opt-in to tra... by ovao on Wednesday May 09, 2018 @03:09PM (#17032884)
Given that a significant component to the determination of interest rates is risk, I don’t think one could reasonably expect a non-public system of lending to operate any other way.

We’re getting pretty off-topic though, so if you’d like to talk more, go ahead and shoot me an email (r at ovao dot la).

Re:Facebook now denying access unless EU users opt-in to tra... by rosser on Wednesday May 09, 2018 @03:11PM (#17032898)
Risk management and predation are categorically different things. If that's not an intuitively obvious notion, I'm not sure what more dialogue will accomplish.