ext_4788 ([identity profile] sethb.livejournal.com) wrote in [personal profile] netmouse 2009-02-04 02:53 am (UTC)

75% interest can be quite reasonable. Suppose you're borrowing the money to do some business, and there's a lot of risk that you'll fail and not repay. The high interest rate is effectively an equity participation. And if the term of the loan is a month, 75% annually isn't that many dollars.

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