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Remind Money lending in India...
by vinay on Feb 06, 2008 03:28 PM   Permalink | Hide replies

This is remind me of money lending done in Indian Villages...

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  RE:Remind Money lending in India...
by rexberry on Feb 06, 2008 03:39 PM   Permalink
@vinay
lending to poor villagers is a different thing... i bet u those people will pay in installments inpite of keepin themselves hungry... or they will suicide.. poor farmers have more self esteem than these so called rich US ppl

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  RE:Remind Money lending in India...
by TheOneAndOnly on Feb 06, 2008 06:51 PM   Permalink

Not Really. Several National & State Govt had done Loan Waivers and Interest Waivers Leading to Bankruptcy of PSU Banks and Coop Banks.

It is the Private Lenders who naturally Squeeze the borrowers and take back their money.


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The above message is part of the Discussion Board:
Subprime pain: Who lost how much