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It must be recognized, therefore, that the replacement of good commercial loans by vulnerable loans on stock collateral has been harmful alike to our banking system and to the vast army of stockholders.
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A red rag is India's weak government budget and rather high public debt at 80% of GDP but here again, the highly vulnerable dollar loans are paltry by Asian standards.
Disadvantaged communities are also left more vulnerable to loan sharks and to aggressive door-to-door salesmen.
Wonga surely know full well that lawyers are bloodsuckers who charge inflated sums for practically knack-all – bastards preying on vulnerable payday loan companies, society's weakest form of banking. .
It said the practices placed vulnerable borrowers in loans they could not afford, including subprime loans.
Mr. Dombret, who is responsible at the Bundesbank for monitoring stability of the financial system, said German banks remained vulnerable to distressed loans in commercial real estate and shipping.
And mortgage REITs, holders of property loans vulnerable to defaults, have continued to struggle, falling 1% in April.
After learning of the deal, first revealed by London blogger Adam Bienkov, London MP Stella Creasy urged Johnson to "rethink" his plans because of the number of poor Londoners vulnerable to "legal loan-sharking".
Mayor Kwame Kilpatrick's attempt to restructure the pension debt fund only made the city more vulnerable as the loan eventually accounted for one-fifth of the city debt (Borney and Gallagher 2013).
Critics of the £2bn a year payday loan industry have accused it of preying on the financially vulnerable for whom small loans quickly spiral as fees and interest are added on.
Suggestions that vulnerable countries be given loans instead of grants were not politically acceptable.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com